What Is 1 of the Best AI Stocks to Own for the Next 10 Years?

The artificial intelligence (AI) craze has taken over the markets in an unbelievable way. Companies are spending incredible amounts of money on computing capacity. Advancements in this technology could have a major effect on the economy.

For investors, it’s all about finding a smart way to gain exposure as part of a diversified portfolio. Here’s one of the best AI stocks to consider owning for the next 10 years.

Image source: The Motley Fool.

This is a classic picks-and-shovels investment opportunity

Nvidia (NVDA +1.63%) has been a major winner in the AI race. Its graphics processing units and CUDA platform help power data centers that run AI models for training and inference. Revenue surged 4,218% between fiscal 2016 and fiscal 2026 (ended Jan. 25), and it’s projected to rise at a yearly clip of 36% over the next three years.

Besides its own operations, Nvidia also has stakes in other AI companies. It recently invested in OpenAI and Anthropic, for instance. This provides investors with even more exposure to the ongoing AI boom. In other words, Nvidia’s ultimate success depends on this technology living up to expectations.

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NASDAQ: NVDA

Nvidia

Today’s Change

(1.63%) $2.94

Current Price

$183.19

Key Data Points

Market Cap

$4.4T

Day’s Range

$181.42 - $188.88

52wk Range

$86.62 - $212.19

Volume

8.8M

Avg Vol

175M

Gross Margin

71.07%

Dividend Yield

0.02%

This dominant AI stock’s price has skyrocketed 23,380% in the past decade (as of March 11). Investors should not expect a similar return to occur over the coming 10 years. But with shares trading at a reasonable forward price-to-earnings ratio of 23, now is a good time to buy.