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.
Open FlipAll 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.
Open FlipEveryone 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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