5 Most Promising AI Stocks to Buy and Hold for the Next 2 Years

In this article, we are going to look at the 5 Most Promising AI Stocks to Buy and Hold for the Next 2 Years. For a longer list and more details on how we picked these stocks, you can go to 10 Most Promising AI Stocks to Buy and Hold for the Next 2 Years.

5. Meta Platforms, Inc. (NASDAQ:META)

Number of Hedge Fund Holders: 262

Projected Long-Term EPS Growth (3-5 years CAGR): ~21%

Meta Platforms, Inc. (NASDAQ:META) is one of the Most Promising AI Stocks to Buy and Hold for the Next 2 Years. On June 19, Reuters, while citing Bloomberg News, highlighted that Meta Platforms, Inc. (NASDAQ:META) secured new agreements to get AI computing power from ​Crusoe (data center developer). This comes as the company focuses on strengthening the infrastructure needed to support the AI expansion. Notably, the tech giant will buy computing capacity at 2 data centers that are situated in Childress, Texas and Warrenton, Missouri.

Reuters, while citing the report, highlighted that Meta Platforms, Inc. (NASDAQ:META) is expected to get ~1.6 gigawatts of capacity ​combined throughout the 2 sites, with a single gigawatt sufficient enough to power ~750,000 US homes. Meta Platforms, Inc. (NASDAQ:META) continues to invest billions in AI data centers and computing power. This comes ​as ⁠demand has been surpassing the supply.

Reuters also noted that Meta Platforms, Inc. (NASDAQ:META) plans to invest $600 billion in U.S. infrastructure and jobs over the upcoming 3 ​years.

Meta Platforms, Inc. (NASDAQ:META) develops products that allow people to share and connect with their family and friends using PCs, mobile devices, virtual reality (VR) headsets, and AI glasses.