The emergence of the Internet changed our lives dramatically. It transformed the way we live, and the same can be said of the Artificial Intelligence (AI) economy. AI will have a global impact and is predicted to be worth $15.7 trillion by the end of the decade, which offers investors multiple AI stocks for retirement.
AI is developing quickly, and it is tough to predict how it will affect our lives by 2030. However, those who invested in AI in 2020 are already earning significant returns. The good news is that it is not too late to join the bandwagon. You can still enjoy a comfortable retirement by investing in AI stocks with strong growth potential.
When it comes to building a retirement portfolio with AI stocks, investors need to look for companies with stability, strong growth potential, and the ability to survive changing market conditions. Here are three stocks that are ideal for retirement portfolios.
Firstly, Nvidia (NASDAQ:NVDA) is an excellent option for AI stock investment. The company enjoyed an outstanding year since the beginning of 2023, and its stock currently worth $394, up over 36% in the last month. Nvidia provides chips for various industries that are looking for AI to run their applications. The company is already close to hitting $1 trillion in market capitalization and enjoys maximum revenue from the data center segment.
Secondly, Microsoft (NASDAQ:MSFT) is a tech giant that brings stability, growth, and steady returns. With its investments in AI, it already enjoys significant returns. A large part of the company’s revenue comes from the data center business, and its cloud computing segment has shown steady growth. Azure holds a large market share, and the company can expand its cloud offerings to grow the business further.
Lastly, Amazon (NASDAQ:AMZN) is using AI across its business, particularly in improving its supply chain and offering a personalized shopping experience. It also has a rapidly growing cloud computing business, Amazon Web Services, which generated $21.3 billion in revenue in the recent quarter. Amazon has enough data to train an AI system, which gives it an edge over other e-commerce companies.
All three companies offer potential retirement stocks for investors looking to benefit from AI’s growing influence across various industries and its impact on the world.
