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3 AI Stocks That You Can Buy and Hold Forever
ISRGIntuitive(ISRG) MarketBeat·2024-08-01 11:20

Core Insights - The article emphasizes the importance of AI application in generating value and cash flow for companies, highlighting that AI is still in its early phases and will significantly impact various sectors [1] Company Summaries Symbotic Inc. (NASDAQ: SYM) - Symbotic's AI-powered warehouses enhance supply chain efficiency by increasing capacity and fulfillment speeds, benefiting the bottom line [2] - The company has partnerships with major businesses like C&S Wholesale Grocers, Target, and Walmart, and is experiencing a growing backlog of orders [2] - Symbotic's joint venture with SoftBank Group, Greenbox, offers warehouse-as-a-service, expanding access to its AI automation technology [2] Intuitive Surgical (NASDAQ: ISRG) - Intuitive Surgical has integrated AI into its surgical practices, driving growth through the increasing use of its da Vinci surgical robot systems [4] - The company reported industry-leading growth, robust cash flow, and a 10% increase in shareholder equity, although it does not pay dividends or buy back stock [4] - The stock price has shown a long-term upward trend, with potential for a stock split as it approaches the 500mark,whichhistoricallyleadstooutperformance[5]Microsoft(NASDAQ:MSFT)MicrosoftispositionedasthesecondlargestplayerintheAIindustry,offeringacomprehensiverangeofAItoolsforbothconsumersanddevelopers[6]Thecompanyreportedsolidgrowthof15500 mark, which historically leads to outperformance [5] Microsoft (NASDAQ: MSFT) - Microsoft is positioned as the second-largest player in the AI industry, offering a comprehensive range of AI tools for both consumers and developers [6] - The company reported solid growth of 15%, driven by a 30% increase in its cloud segment, with expectations for continued robust cash flows and capital returns [7] - Analysts have revised their price targets for Microsoft, indicating a potential increase to 500, despite the stock currently having a "Moderate Buy" rating [8][7]