ChatGPT picks 2 stocks to buy and hold forever – Finbold – Finance in Bold

When it comes to investing, seasoned veterans are known for a strategic preference: embracing stalwart giants of the stock market. These established titans have built a reputation for unwavering returns and resilience, especially in tumultuous financial climates. 
While these stocks may not promise swift riches, they deliver stability and dependability, thanks to their relentless evolution, sustained growth, and industry dominance. 
In this light, Finbold turned to ChatGPT, the artificial intelligence (AI) chatbot developed by OpenAI, asking it to recommend two stocks investors can buy and hold forever.
Unsurprisingly, the bot’s selections included Apple (NASDAQ: AAPL) and Amazon (NASDAQ: AMZN) – the formidable titans that revolutionized the technology, e-commerce, and cloud computing sectors years ago and maintain their positions as industry front-runners to this day.
The first of the two ‘set-and-forget’ stock picks recommended by ChatGPT was Apple – the largest company in the world.
Over the years, Apple turned into a technology behemoth after achieving unprecedented success with its iconic products, including the iPhone, iPad, and MacBook computers.
These products, along with Apple’s widely-used services like iCloud, App Store, and Apple TV+, provide the company with a robust and recurring revenue stream, ChatGPT noted. 
“Additionally, Apple has a substantial amount of cash and investments on its balance sheet, which can support future growth initiatives or return value to shareholders through dividends and stock buybacks.”
The company’s financial strength has allowed Apple to remain resilient during economic downturns, with its products and services maintaining demand in such periods, the bot added. 
Over the past 10 years, Apple’s stock price soared by more than 930% from around $17 per share to the current $176.09. 
As Apple achieved dominance in the smartphone market, Amazon did so in the e-commerce and cloud computing sectors over the years.
The Bellevue, Washington-based company has been on a constant growth trajectory, seeing rapid expansion across its core e-commerce business and Amazon Web Services – its cloud computing unit that has become the largest seller of on-demand computing power and data storage in the world.
“As e-commerce and cloud computing continued to gain importance in the global economy, Amazon was positioned well for long-term success.”
AMZN’s share price skyrocketed over 700% over the past decade, surging from around $17 apiece in October 2013 to $131.2 at the time of publication. 
In addition, Amazon displayed a remarkable ability to adapt to ever-changing market conditions and consumer habits, the AI tool added. 
“For example, it successfully entered the grocery retail sector with the acquisition of Whole Foods and continued to invest in Prime Video for streaming content.”
In a similar manner, Amazon shifted its focus to AI in 2023, which is currently seen as the fastest-growing tech area. 
On September 25, the cloud and e-commerce giant announced it will invest up to $4 billion into AI startup Anthropic, a move that will provide the company with generative AI tools needed to compete with Microsoft (NASDAQ: MSFT), Alphabet (NASDAQ: GOOGL), and OpenAI. 
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Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

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