Investing in solid companies and holding them for a long time is a robust strategy that could help investors significantly boost their wealth in the long run and construct a million-dollar portfolio. This strategy allows investors to capitalize on disruptive and secular growth trends, as well as benefit from the power of compounding.
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All eyes have been on tech companies since a boom in artificial intelligence (AI) kicked off last year.Big Tech companies like Amazon (NASDAQ: AMZN) have rallied investors, with the stock up 69% in the last 12 months. The retail giant has gained support by delivering solid growth in its e-commerce segment and investing heavily in the budding AI market.
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Everyone is talking about artificial intelligence (AI) these days, and for good reason. This hot technology that's driven some stocks to triple-digit gains has the potential to transform everything from our daily lives to how a company operates. AI's powers range from the simple, like helping us save time on a routine task, to the complex, like helping scientists to complete tasks quickly.
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