3 Artificial Intelligence Stocks You Can Buy and Hold for the Next Decade | The Motley Fool

The artificial intelligence ( AI ) market has expanded rapidly over the past decade as more powerful chips and generative AI platforms have entered the market. Those AI services became practical tools that could quickly crunch, analyze, and predict trends for businesses and mainstream users. The AI market could grow at a CAGR of 30.6% from 2026 to 2033, according to Grand View Research, as more organizations use AI to automate, accelerate, and optimize their operations. To capitalize on this expansion, investors should consider buying and holding these three top tech stocks for the next decade and beyond: Nvidia ( NVDA 0.97%), TSMC ( TSM +0.40%), and ASML ( ASML +0.18%). Image source: Getty Images. Nvidia Nvidia is the world's top producer of discrete GPUs for data centers, which are used to process complex AI tasks. Most of the top AI companies -- including OpenAI, Meta , and Microsoft -- use its GPUs. It also locks in those clients with CUDA (Compute Unified Device Architecture), a proprietary programming platform for its own chips. NASDAQ: NVDA Key Data Points As the producer of the best picks and shovels for the AI gold rush, Nvidia still has plenty of room to grow. It might face tougher competition from AMD 's cheaper GPUs, first-party AI chips from some of its top customers, and other types of AI accelerators -- but its first-mover edge, best-in-breed reputation, and sticky ecosystem will fuel its long-term growth. Tighter export curbs could throttle its shipments to China over the next few years, but it can offset that pressure with its growth in the U.S., Europe, and other Asian markets. From fiscal 2025 (which ended in January) to fiscal 2028, analysts expect Nvidia's revenue and adjusted earnings per share ( EPS ) to grow at a CAGR of 46% and 29%, respectively. Even though its stock has already soared nearly 23,000% over the past decade, it still looks reasonably valued at 25 times next year's earnings . Therefore, Nvidia should remain one of the simplest ways to profit from the AI boom over the next decade. TSMC Nvidia outsources the production of its top-tier GPUs to TSMC, the world's largest and most advanced contract chipmaker. TSMC is the only foundry capable of manufacturing Nvidia's smallest, densest, and most power-efficient chips. NYSE: TSM Key Data Points TSMC also produces chips for other leading fabless chipmakers like AMD, Apple , and Qualcomm . It manufactures its most advanced chips in Taiwan, which is exposed to potential trade and military conflicts with China; however, it has been mitigating this risk by building more plants in the U.S., Europe, and Japan. In its latest quarter, TSMC generated 57% of its revenue from the high-performance computing (HPC) market, which includes Nvidia's data center GPUs. That segment is driving its near-term growth and reducing its dependence on the cyclical PC, smartphone, and automotive markets. From 2024 to 2027, analysts expect TSMC's revenue and EPS to grow at a CAGR of 24% and 27%, respectively, as...

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