1 AI Stock to Buy Now and Hold Indefinitely

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Barchart

Tech giant Microsoft’s (MSFT) growth story began long before artificial intelligence (AI) entered the picture. With a strong product portfolio, it has built a very successful business, steadily increasing revenue and earnings over the last decade. Microsoft stock has returned 973% over the last ten years. In 2023, the stock gained 56%, driven by the AI rush and strong quarterly numbers. Its recent second quarter of fiscal 2024 has proven to be an impressive story. Microsoft noted in the Q2 earnings call that, in addition to its own research, external studies have shown that generative AI leads…

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