If I Could Only Buy and Hold a Single Stock, This Would Be It.

If I could only hold one stock over the next five years, it would be Broadcom (NASDAQ: AVGO). The company is riding two of the biggest trends in the market today, making it a top artificial intelligence (AI) stock to buy and hold.By all accounts, the AI infrastructure market is expected to continue to see rapid growth over the next several years. Foundry leader Taiwan Semiconductor Manufacturing has talked about seeing AI chip demand increasing at a more than 50% annual rate, while famed investor Cathie Wood recently predicted that AI infrastructure spending would increase nearly threefold from around $500 billion today to $1.4 trillion by 2030. Nvidia, meanwhile, has projected that the total installed base of the global data center market could climb to $3 trillion to $4 trillion by 2030. Image source: Getty ImagesContinue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool