The stock market boom shows no signs of slowing down, and investors are still looking for lucrative opportunities. Artificial intelligence (AI) stocks have emerged as a promising area for long-term investment, with companies like Amazon and Duolingo leading the way. These two companies are leveraging AI in unique ways, propelling their businesses to new heights. Here’s why investors should consider buying one share of each company with $400 and holding on for the next decade.
Amazon, known as the world’s largest e-commerce company, has diversified its offerings beyond online shopping. With AI playing a pivotal role in its success, Amazon uses the technology to personalize the customer experience on its website, employing algorithms to display relevant products and enhance conversion rates. Furthermore, the company utilizes AI-powered autonomous robots in its fulfillment centers, streamlining the logistics process. Amazon is also a force to be reckoned with in the digital advertising industry, generating $12 billion in revenue in the recent third quarter of 2023. By investing in generative AI start-up Anthropic and developing its own AI products and services, Amazon is poised to further capitalize on the AI boom. Investors have the opportunity to ride the wave along with this tech titan and benefit from its impressive growth potential.
Duolingo, the world’s largest digital language education platform, has revolutionized language learning with its gamified approach. The company boasts over half a billion downloads and is continuously expanding its user base. Thanks to AI, Duolingo’s paid subscribers are expected to surge, as the company offers advanced features powered by AI. Through a partnership with OpenAI, Duolingo introduced two enhanced subscription tiers called Max, which include personalized feedback and conversational language practice. AI also plays a crucial role behind the scenes, enabling Duolingo to create content faster and revolutionizing its language testing process. With 10 billion lessons completed each week, Duolingo has an extensive data pool to train its AI models and continue transforming language education for years to come.
Despite the impressive growth and prospects of Amazon and Duolingo, their stock prices have room to soar. Amazon’s current revenue trajectory suggests it may soon surpass Apple, despite having only half the market capitalization. With its extensive integration of AI across multiple business segments, Amazon is in a prime position to bridge that gap and offer investors substantial returns. Meanwhile, Duolingo’s innovative approach to language learning, coupled with its AI-powered features, positions the company for significant growth as it taps into the large pool of language learners worldwide.
Investors looking for long-term growth opportunities should keep a close eye on these two AI-driven companies. By allocating $400 to purchase one share of each, investors can gain exposure to the transformative power of AI technology. While the stock market reaches new highs, investing in AI stocks like Amazon and Duolingo offers a chance to ride the wave of technological innovation and potentially secure substantial returns over the next decade.
Disclaimer: The above references an opinion and is for informational purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice.
