AI stocks through the years, 2023 and 2024. The S&P 500 index has also become a major gainer in this regard, as it has relied heavily on he likes of Apple, Nvidia, Meta Platforms, Amazon and other Magnificent 7 stocks for its optimum growth in 2024.
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Now, a latest Motley Fool report suggests that there are two strong long-term picks and solid buys at Wall Street that need to be picked up by every American investor out there. It includes the likes of Amazon and Taiwan Semiconductor Manufacturing, which are two companies that are heavily reliant on AI research and development for its various products and services.
Market analysts are of the opinion hat Amazon and TSM should be placed in the 'Buy and Hold' category, looking at the fact that they have along-term potential, and can yield optimum returns to US investors.
Taiwan Semi, also called TSMC, is one of the leading driving forces behind AI technology in the world right now, and the leaps and progress of artificial intelligence may not have been possible at all, if it would not have been for his company, suggest reports. For starters, TSMC has manufactured chips in nearly every cutting-edge electronic device, which likely won't change in the coming years,
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