3 AI Stocks to Buy at $1,150 and Hold for Decades

Artificial intelligence (AI) is important because the stock market anticipates. It sees AI's long-term potential to revolutionize our world. Grand View Research estimates that the global AI business totaled $200 billion last year and will rise 40% yearly through 2030. Choose the best AI firms that could beat competitors and the stock market in the long run now.

Some promising stocks stand out. Why investors should buy and hold Snowflake (NYSE: SNOW), Palantir Technologies (NYSE: PLTR), and ASML (NASDAQ: ASML) for decades. A share of all three costs less than $1,150 now.

1. Data storage and organization are key to AI. Snowflake is vital to AI. Training artificial intelligence models requires massive data sets. Snowflake stores client data in the cloud. Snowflake indexes and stores data neatly, making it easier to query. Snowflake lets customers share and source third-party data.

Info grows tremendously. More data is created as our world goes digital. Data accumulates with time, not expires. That's why most global data is new. The assertion will likely be accurate in 10, 20, or 30 years. Snowflake charges by compute and storage. It lets clients afford Snowflake. It also boosts long-term profitability as data grows and requires more storage and compute.

Snowflake's main competition is privately held Databricks. Snowflake supports the major cloud platforms, making them a partner rather than a competitor. Snowflake's usage-based billing may cause short-term growth instability, but the long-term trend is up.

2. Companies will need AI deployment assistance Most technology investors who read earnings reports have noticed how frequently each firm cites AI as part of the future. Few businesses know how to use AI. Palantir Technologies' chance is there. The company develops and implements custom software for government and commercial clients on Gotham, Foundry, and, recently, its Artificial Intelligence Platform.

CEO Alex Karp said Palantir customers are very interested in delivering AI apps via AIP. The numbers show it. Palantir's fourth-quarter U.S. commercial-customer count rose 55% year over year and 22% quarter over quarter. Palantir only has 221 U.S. clients, despite a market of thousands of enterprises.

Palantir's business customer base could grow over the next decade and beyond. Strong U.S. government links give the corporation a high floor. U.S. government deals account about half of Palantir's revenue.

3. The machines powering AI's cutting-edge chips The tech industry's main arms race is AI chips. Everyone is after Nvidia, which dominated the chip market with its AI hardware. The chips everyone uses don't matter to ASML. Because it makes chip-making machines. This machine creates delicate silicon wafer designs using extreme ultraviolet lithography (EUV).

Few know that ASML is the only business that makes EUV machines for the smallest and most advanced semiconductors. A valid monopoly. Only ASML has the expertise and patents to construct these machines. As AI models require more powerful semiconductors, ASML's products will be in demand.

Mordor Intelligence estimates that the EUV market is worth $10 billion currently and will rise 11% yearly to nearly $18 billion by 2029. Investors may buy ASML with confidence knowing that AI innovation will keep its distinctive equipment in demand for years to come.

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