3 Non-Nvidia AI Stocks You Can Buy and Hold for Years

Many investors think of Nvidia when they think of AI. That's true—the chipmaker has helped corporations construct AI models and increase their capabilities. Investors should also investigate other good AI stocks besides Nvidia.  

Palantir Technologies (NYSE: PLTR), Amazon (NASDAQ: AMZN), and Alphabet (NASDAQ: GOOG)(NASDAQ: GOOGL) are three stocks that look unstoppable and could be good long-term AI investments. Learn more about these three buy-and-hold AI stocks.  

1. Palantir Tech Palantir is gaining popularity among government and private companies. The company's data analytics and actionable insights have always involved AI. After launching its Artificial Intelligence Platform (AIP), Palantir made the relationship clearer. Customers' reactions show they're eager to use it.  

The corporation earned $2.2 billion in 2023, up 17%. Palantir expects its top line to rise 20% to $2.6 billion to $2.7 billion this year. As in recent quarters, it expects to stay in the black since the tech stock no longer risks becoming unprofitable.  

Palantir expects its growth rate to increase due to its more than 500 "boot camps" with customers to assist them uncover AI prospects for their businesses. Getting those contracts can take time, but a few big victories could boost the company's income.  

AI is expected to boost growth, but Palantir is attracting more attention because it is lucrative. Palantir's blend of government and commercial revenue makes it one of the top AI stocks with long-term stability.  

2. Amazon Amazon was an AI hotstock before AI became a stock buzzword. The corporation has long optimized its e-commerce operations and delivery times with AI. Generative AI is boosting its other business divisions, despite its e-commerce dominance. Amazon has invested $4 billion in Anthropic, which launched Claude 3, a chatbot that might compete with OpenAI's ChatGPT, last month.  

Not whether Claude 3 becomes the best chatbot matters. Instead, Amazon's commitment to AI and next-generation technologies makes it a good long-term investment. Amazon has many AI-related growth potential, including chatbots, especially with Amazon Web Services.  

The company's big pockets allow it to grow and invest in AI. Amazon produced $32.2 billion in free cash flow last year by improving efficiency and decreasing expenditures.  

3. Alphabet Alphabet, which owns Google and YouTube, is another AI-driven stock. Bard, now improved and renamed Gemini, joins the chatbot warfare. Google's chatbots have struggled to provide accurate results during the launch. The launch's failure shouldn't dissuade investors; it doesn't indicate the long-term outlook is bad.  

Alphabet has a lot of data from YouTube and Google searches, which might help them create a chatbot that is more intuitive and predictive of what people search for and ask. Alphabet has higher margins than the other three firms, and its free cash flow was slightly under $70 billion last year. Alphabet is a good AI stock to purchase and hold because to its cash and data.  

stay turned for development