Investors looking to get in on the AI market in the long term should consider buying and holding stocks that provide AI tools and use them to enhance their own products. In particular, Adobe, Google, and Intel are three high-potential machine learning stocks worth holding.
Adobe has been using AI and machine learning techniques to enhance its digital artistry tools for over a decade, and has recently unveiled new generative AI tools to its Adobe creative suite. These tools include Adobe Firefly, which creates images using text, and allows artists to experiment with their art in new ways. Adobe has also embraced AI art and is accepting AI-generated art in its stock image repository. As an established leader in the art world, Adobe is well-positioned for growth and makes for a great AI stock to buy and hold forever.
Google’s search engine has been the go-to for a generation, but new language AIs are threatening to upend its dominance. However, Google has the advantage of having already done the hard work in indexing the web, which it can now use to build AIs. Google has also patented a system to automate game testing, which has broad applications across many industries. Even more promising is Google’s enterprise-cloud business, which gives it an edge over other AI companies that focus solely on consumer products.
Chip fabricator Intel is another great AI stock to buy and hold forever. While its trailing 12-months revenue and net income figures don’t look good on the surface, Intel is well-positioned as one of the remaining Western chip manufacturers. Plus, the world’s governments are investing heavily in Intel’s fabrication business, with Germany subsidizing an Intel fab with $11 billion, Ohio pledging $2 billion, and the US Federal Government contributing billions more for fabs in America. Intel’s chips are not just important economically, but also politically, as Taiwan Semiconductor’s geopolitical risk factor makes it a less desirable alternative.
Investors looking to tap into the gains of the AI revolution should consider securing AI stocks for the long term, and these three high-potential machine learning stocks are great options to buy and hold forever. While AI stocks have seen substantial gains, there are still investment opportunities to be had. By embracing AI, companies like Adobe, Google, and Intel are well-positioned to revolutionize various industries and become significant players in the AI market.
