The AI market will grow to a stunning $4.8 trillion by 2033, according to the United Nations Conference on Trade and Development. The companies that can help their customers harness the full power of this game-changing technology stand to create fortunes for their shareholders.
Investors love to track which stocks billionaire investors are buying. After all, they've invested successfully to the tune of becoming billionaires, and they clearly know a thing or two about how to do it right.
The Dow Jones Industrial Average includes 30 industry-leading U.S. companies from a variety of sectors. Despite having far fewer components than the S&P 500 or Nasdaq Composite, the Dow remains one of the most widely followed stock market indexes -- acting as a representative democracy, if you will, of the broader market.
Buying and holding shares of the best businesses in the world is the easiest way to build wealth over the long term. Some of the largest, most profitable companies in the world also just happen to be in a prime position to benefit from global adoption of artificial intelligence (AI), which is expected to add $15.7 trillion to the global economy by 2030, according to PwC.
The stock market has been an incredible wealth-generating machine over time, and some lucky investors who have had the patience to buy and hold have seen initial investments as small as $1,000 turn into positions worth $1 million or more over the course of several decades.
Investors like to buy shares in businesses that have lots of potential when it comes to increasing their revenue or earnings power. The hope is that as these companies achieve more success by gaining more customers and building their competitive advantages, the returns will follow.
@BramBerko Bram Berkowitz has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Amazon, Apple, and Berkshire Hathaway.
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