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India making same mistake with AI that it made with Dot Com, China trying to be creator and not user
India making same mistake with AI that it made with Dot Com, China trying to be creator and not user

India Today

time4 days ago

  • Business
  • India Today

India making same mistake with AI that it made with Dot Com, China trying to be creator and not user

When we look at the tech landscape in China and India, there is one fact that jumps out immediately: Indians are users whereas Chinese are creators. In other words, over here in India most of the tech tools that we use, whether it is a search engine or the device on which we are accessing the search engine, is made by a company that is not Indian. In China, in contrast, most of the tech tools and services used by people there have been created by Chinese companies. advertisementThis remains apparent even though of late there has been some change. In the last 10 odd years a lot has changed for the better. The data centres and server farms that power many global services like Gmail, YouTube and Microsoft Office 365 are now located in India. Similarly, a lot of phones sold in India by companies, which have their headquarters outside India, are now assembled in India. Yet, India made certain 'mistakes' — or rather choices — in the late 1990s and early 2000s which made India a user and not a creator. When it comes to AI, it seems the country is making the same is in contrast to the Chinese approach. China, yet again after following the same rulebook during the Dot Com era, is forging ahead with its plans to be a creator for the AI era. advertisement The differing approaches are already visible in the way people of both countries use AI. Just a few days ago a report by a company called Bond, a report bylined by famed tech analyst Mary Meeker, highlighted that Indians were the biggest users of ChatGPT in the world. Of all monthly active users of ChatGPT, Indians are around 14 per cent. In contrast, China doesn't even find a space in the Top 10 countries ranked on the basis of ChatGPT. So, what is Chinese using? Chinese are using DeepSeek. Almost 33 per cent of Chinese AI users utilise DeepSeek. And I have suspicion that the rest use AI models like Qwen and Ernie, which too have been developed by Chinese tech companies locally. It is as if we are going through deja vu. The journey India had during the Dot Com era, when it simply adopted and used technologies created by American companies, is getting repeated in the early days of the AI era. The results might end up being the same, that is Indians may end up being rent-payers instead of owners or rent-seekers. In the early days of the Dot Com boom, China moved fast to not only discourage its people from using tech and tools created by foreign companies, but it also invested heavily in creating similar tools and technologies within the country. The idea was not to use tech. The idea was simple: tech is powerful and we want to not just use it but also own it. China created an ecosystem where it was able to replicate tools like WhatsApp, Google and Microsoft. Its home-grown apps and services matched the best offered by global companies. The result was that China's tech boom did not benefit Silicon Valley. Instead, it benefited China. Now that AI is the next big thing, China is again hoping to recreate what it achieved with Dot Com. In fact, this time around, China has bigger ambitions. Its companies are not just creating world-class AI models like DeepSeek R1 — its latest update makes it as good as ChatGPT o3 and Google Gemini 2.5 Pro — but they are also hoping to spread them wider in the world. This is the reason why even as American AI companies chase early profits and closed models, the Chinese companies from Alibaba, which has Qwen, to DeepSeek are open-sourcing their technology and AI methods. In contrast, India again seems happy to be a mere user and early adopter. Being a user and early adopter has its benefits — India's IT industry would not have been possible if India had shunned global tech companies in late 1990s — but it has its disadvantages as well. It forces a country into a rent-paying agreement with the global giants. India of 2025 is not the India of the 1990s. As a country we should be dreaming bigger and thinking more strategically. As a country we should be investing more in emerging technologies like AI and thinking of creating an ecosystem that can help Indian companies make world-class AI tools. It is possible that the endeavour might not succeed. It may lead to nothing and we may remain the users and not turn into creators. But it is also worth trying. Because repeating the choices made during the Dot Com era will lead to the same outcomes, the kind of outcomes that we may in 10 or 15 years from now will not like.

Is Uber Technologies, Inc. (NYSE:UBER) The Best Stock to Buy and Hold for 2 Years?
Is Uber Technologies, Inc. (NYSE:UBER) The Best Stock to Buy and Hold for 2 Years?

Yahoo

time02-04-2025

  • Automotive
  • Yahoo

Is Uber Technologies, Inc. (NYSE:UBER) The Best Stock to Buy and Hold for 2 Years?

We recently published a list of 10 Best Stocks to Buy and Hold For 2 Years. In this article, we are going to take a look at where Uber Technologies, Inc. (NYSE:UBER) stands against other best stocks to buy and hold for 2 years. On March 27, CNBC reported that the stocks dipped on Wednesday, led by the technology sector. The S&P 500 dipped around 1.12%, followed by the Dow Jones, which fell by 132.71 points. More notably, the technology-dominated NASDAQ dropped by 2.40% closing at 17,899.01 points. The drop in the stock market was further aggravated by the White House's announcement of new tariffs on auto imports. To talk about the future of technology and artificial intelligence Doug Clinton, Intelligent Alpha founder, joined CNBC for an interview on March 29. He mentioned that it has been more than a month now that the big technology names, especially artificial intelligence companies, are not performing so well. However, despite the recent dip, Clinton maintained his bullish sentiment for the sector. He pointed out that if we zoom out of the current situation and look at the sector from two to three years from today, we will still see AI stocks rally and large capital expenditure bills. Clinton pointed out that if you are a believer in AI trade it is important to remember that the market has had more than two years of absolutely no turbulence. This period of stability started from the end of 2022 to the beginning of 2025. Clinton categorized the current dip as the first real challenge for the AI trade. Referencing history, he pointed to the Dot Com era, when the Dot Com trade faced its first real challenge. The turbulence took 200 days to reach a new NASDAQ high back then. He clarified that this does not mean that the current turbulence will last 6 months, however, if someone believes in the AI trade then they need to be patient through the dip. READ ALSO: and . While talking about the valuations, Clinton highlighted that the question is about the kind of risks an investor wants to take during the trade. He noted that investors can choose to trade during the turbulence by exiting the market at high times, however, the risk is that the AI stocks can rise 20% to 30% in no time, making it difficult for investors to get back in. Clinton pointed out that he is looking at this trade from a two to three years lens. He believes that this will give him enough exposure and will also reduce the risk of missing out on the bigger picture. To compile the list of 10 best stocks to buy and hold for 2 years we sifted through financial media reports. From these sources, we shortlisted stocks with more than 20% sales growth over the past 3 years. Next, we ranked these stocks in ascending order of the number of hedge fund holders, sourced from Insider Monkey's Q4 2024 database. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). A close up view of a hand holding a smartphone, using a ride sharing app. Uber Technologies, Inc. (NYSE:UBER) is an international technology company that provides mobility, delivery, and freight solutions. It operates in more than 70 countries providing millions of rides daily. On March 25, Bank of America Securities analyst Justin Post maintained a Buy rating on the stock. Hardman Johnston Global Equity Strategy in its Q4 2024 investor letter, mentioned that Uber Technologies, Inc. (NYSE:UBER) has a 65% market share in almost all the ride-sharing categories across the countries it operates in. The fund sees the company sustaining healthy top-line growth over the next three years, driven by tailwinds from expansion, product innovations, and its expanding network. Moreover, during the fiscal fourth quarter of 2024, Uber Technologies, Inc. (NYSE:UBER) grew its gross bookings by 18% year-over-year. This resulted in the revenue growing 20% during the same time to reach $12 billion. Management noted that increased demand for its mobility and delivery segments is helping it achieve above-expectations results. It is one of the best stocks to buy and hold for 2 years. Hardman Johnston Global Equity Strategy stated the following regarding Uber Technologies, Inc. (NYSE:UBER) in its Q4 2024 investor letter: 'During the quarter, we initiated three new positions in Lennar Corporation, Bank of America Corp., and Uber Technologies, Inc. (NYSE:UBER). Uber is a leading platform company that facilitates ride-hailing, food delivery, and freight booking services, which each represent large and underpenetrated markets. Uber is active in more than 10,000 cities and approximately 70 countries globally, and Uber is a market leader with more than 65% market share in nearly all ride-sharing regions in which it operates. Uber should continue to benefit from secular tailwinds, product innovation, expansion, and network effects. The cross-selling of the Uber One membership program should drive both loyalty and engagement. International markets represent half the business and continue to be an important growth driver. Overall, we see sustained healthy topline growth for the company over the next three years with some insulation to global economic trends.' Overall, UBER ranks 3rd on our list of best stocks to buy and hold for 2 years. While we acknowledge the potential of UBER as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than UBER but that trades at less than 5 times its earnings, check out our report about the . READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio

NVIDIA Corporation (NVDA): The Best Stock to Buy and Hold for 2 Years
NVIDIA Corporation (NVDA): The Best Stock to Buy and Hold for 2 Years

Yahoo

time31-03-2025

  • Business
  • Yahoo

NVIDIA Corporation (NVDA): The Best Stock to Buy and Hold for 2 Years

We recently published a list of . In this article, we are going to take a look at where NVIDIA Corporation (NASDAQ:NVDA) stands against other best stocks to buy and hold for 2 years. On March 27, CNBC reported that the stocks dipped on Wednesday, led by the technology sector. The S&P 500 dipped around 1.12%, followed by the Dow Jones, which fell by 132.71 points. More notably, the technology-dominated NASDAQ dropped by 2.40% closing at 17,899.01 points. The drop in the stock market was further aggravated by the White House's announcement of new tariffs on auto imports. To talk about the future of technology and artificial intelligence Doug Clinton, Intelligent Alpha founder, joined CNBC for an interview on March 29. He mentioned that it has been more than a month now that the big technology names, especially artificial intelligence companies, are not performing so well. However, despite the recent dip, Clinton maintained his bullish sentiment for the sector. He pointed out that if we zoom out of the current situation and look at the sector from two to three years from today, we will still see AI stocks rally and large capital expenditure bills. Clinton pointed out that if you are a believer in AI trade it is important to remember that the market has had more than two years of absolutely no turbulence. This period of stability started from the end of 2022 to the beginning of 2025. Clinton categorized the current dip as the first real challenge for the AI trade. Referencing history, he pointed to the Dot Com era, when the Dot Com trade faced its first real challenge. The turbulence took 200 days to reach a new NASDAQ high back then. He clarified that this does not mean that the current turbulence will last 6 months, however, if someone believes in the AI trade then they need to be patient through the dip. READ ALSO: and . While talking about the valuations, Clinton highlighted that the question is about the kind of risks an investor wants to take during the trade. He noted that investors can choose to trade during the turbulence by exiting the market at high times, however, the risk is that the AI stocks can rise 20% to 30% in no time, making it difficult for investors to get back in. Clinton pointed out that he is looking at this trade from a two to three years lens. He believes that this will give him enough exposure and will also reduce the risk of missing out on the bigger picture. To compile the list of 10 best stocks to buy and hold for 2 years we sifted through financial media reports. From these sources, we shortlisted stocks with more than 20% sales growth over the past 3 years. Next, we ranked these stocks in ascending order of the number of hedge fund holders, sourced from Insider Monkey's Q4 2024 database. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). A close-up of a colorful high-end graphics card being plugged in to a gaming computer. NVIDIA Corporation (NASDAQ:NVDA) is an international leader in designing and developing graphics processing units and system-on-a-chip units. Its technologies, which initially powered the gaming industry are now the powerhouse of the artificial intelligence revolution. On March 18, NVIDIA Corporation (NASDAQ:NVDA) announced its partnership with Oracle to accelerate the development and deployment of Agentic AI. To achieve this, the companies will collaborate to make more than 160 AI tools and 100 NVIDIA microservices. Moreover, during the fiscal fourth quarter of 2024, NVIDIA Corporation (NASDAQ:NVDA) delivered a revenue of $39.3 billion, up 78% year-over-year. The growth was driven by a record data center revenue which grew 93% during the same time to reach $35.6 billion. Management noted that they have successfully ramped up the production of Blackwell AI supercomputers, which led its sales to billions. It is the best stock to buy and hold for 2 years. Guinness Global Innovators stated the following regarding NVIDIA Corporation (NASDAQ:NVDA) in its : 'For a second year running, NVIDIA Corporation (NASDAQ:NVDA) was the Fund's top performing stock, delivering a stellar return of +177.7% over the year. Since the beginning of last year, Nvidia's 'Hopper' GPUs have been at the centre of exploding demand for chips powerful and efficient enough to facilitate the energy intensive requirements of AI processes within datacentres. Initially possessing over 95% of market share in these types of chips, Nvidia have been quick to entrench their position as the technological leader in the space, launching the successor to the current 'Hopper' GPU in March, Blackwell, inhibiting the likes of AMD and Intel making meaningful inroads in taking share of the fast-growing market. Compared to the previous iteration (Hopper) which is continuing to fuel Nvidia's extreme revenue growth, the Blackwell chip is twice as powerful for training AI models and has 5 times the capability when it comes to 'inference' (the speed at which AI models respond to queries). Throughout the year, Nvidia's financial performance has remained resilient. Quarterly revenues hit $35.1 billion in their most recent quarter, beating consensus expectations by 6% and representing a +94% year-over-year increase. Additionally, Nvidia's data centre segment, driven by the Hopper (H100) chip, grew fivefold over the past year, underscoring the sustained demand for advanced AI infrastructure. The H100 chip, priced at around $40,000, continues to see significant adoption due to its ability to enhance AI model training efficiency while lowering overall costs. This growth is expected to continue as companies invest in upgrading existing data centres and building new ones, with Nvidia well-positioned to capture a significant share of the estimated $2 trillion market opportunity over the next five years. There have been some concerns over Blackwell production delays causing share price volatility however, Nvidia has recovered swiftly, driven by positive earnings results through the year and assurances from management regarding future supply. Additionally, the release of the H200 chip promises to extend Nvidia's technological leadership, ensuring continued momentum into 2025. While Nvidia's valuation remains a topic of debate, the stock is not at a significant premium to history, and it still appears reasonable given its dominant market position, innovative prowess, and exposure to long-term secular growth trends in AI, cloud computing, and data infrastructure. As a result, Nvidia remains well-positioned to deliver sustained outperformance over the long term, making it a cornerstone of growth-oriented portfolios.' Overall, NVDA ranks 1st on our list of best stocks to buy and hold for 2 years. While we acknowledge the potential of NVDA as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than NVDA but that trades at less than 5 times its earnings, check out our report about the . READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio

Is MercadoLibre, Inc. (NASDAQ:MELI) The Best Stock to Buy and Hold for 2 Years?
Is MercadoLibre, Inc. (NASDAQ:MELI) The Best Stock to Buy and Hold for 2 Years?

Yahoo

time31-03-2025

  • Business
  • Yahoo

Is MercadoLibre, Inc. (NASDAQ:MELI) The Best Stock to Buy and Hold for 2 Years?

We recently published a list of 10 Best Stocks to Buy and Hold For 2 Years. In this article, we are going to take a look at where MercadoLibre, Inc. (NASDAQ:MELI) stands against other best stocks to buy and hold for 2 years. On March 27, CNBC reported that the stocks dipped on Wednesday, led by the technology sector. The S&P 500 dipped around 1.12%, followed by the Dow Jones, which fell by 132.71 points. More notably, the technology-dominated NASDAQ dropped by 2.40% closing at 17,899.01 points. The drop in the stock market was further aggravated by the White House's announcement of new tariffs on auto imports. To talk about the future of technology and artificial intelligence Doug Clinton, Intelligent Alpha founder, joined CNBC for an interview on March 29. He mentioned that it has been more than a month now that the big technology names, especially artificial intelligence companies, are not performing so well. However, despite the recent dip, Clinton maintained his bullish sentiment for the sector. He pointed out that if we zoom out of the current situation and look at the sector from two to three years from today, we will still see AI stocks rally and large capital expenditure bills. Clinton pointed out that if you are a believer in AI trade it is important to remember that the market has had more than two years of absolutely no turbulence. This period of stability started from the end of 2022 to the beginning of 2025. Clinton categorized the current dip as the first real challenge for the AI trade. Referencing history, he pointed to the Dot Com era, when the Dot Com trade faced its first real challenge. The turbulence took 200 days to reach a new NASDAQ high back then. He clarified that this does not mean that the current turbulence will last 6 months, however, if someone believes in the AI trade then they need to be patient through the dip. READ ALSO: and . While talking about the valuations, Clinton highlighted that the question is about the kind of risks an investor wants to take during the trade. He noted that investors can choose to trade during the turbulence by exiting the market at high times, however, the risk is that the AI stocks can rise 20% to 30% in no time, making it difficult for investors to get back in. Clinton pointed out that he is looking at this trade from a two to three years lens. He believes that this will give him enough exposure and will also reduce the risk of missing out on the bigger picture. To compile the list of 10 best stocks to buy and hold for 2 years we sifted through financial media reports. From these sources, we shortlisted stocks with more than 20% sales growth over the past 3 years. Next, we ranked these stocks in ascending order of the number of hedge fund holders, sourced from Insider Monkey's Q4 2024 database. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). A customer using their phone to access an online commerce platform. MercadoLibre, Inc. (NASDAQ:MELI) is a leading fintech and e-commerce company based in Argentina. It primarily offers various services through its platforms including Mercado Libre Marketplace, Mercado Pago, Mercado Envios, and more. Its platforms enable sellers and buyers to engage in retail and wholesale commercial transactions. On March 17, Morgan Stanley analyst Andrew R. Ruben maintained a Buy rating on the stock, highlighting that the company has developed a strategic position in the market with the potential to expand in the Latin American market. Ruben also noted that MercadoLibre, Inc. (NASDAQ:MELI) is focused on improving its logistic capabilities and is investing in its fintech and e-commerce platforms to gain market share, despite the competitive pressure. Moreover, during the fiscal third quarter of 2024, MercadoLibre, Inc. (NASDAQ:MELI) demonstrated strong performance in gross merchandising value (GMV), total payment volume, and credit portfolio. All of which led to the company outpacing the markets in Argentina, Brazil, and Mexico. In addition, the improvements in value proposition resulted in growth in unique buyers, which surpassed 100 million during the quarter. During fiscal 2024, MercadoLibre, Inc. (NASDAQ:MELI) generated $21 billion in revenue and more than $1 billion as free cash flow, making it one of the best stocks to buy and hold for 2 years. Hardman Johnston Global Equity stated the following regarding MercadoLibre, Inc. (NASDAQ:MELI) in its Q4 2024 investor letter: 'The top individual detractors from relative performance were MercadoLibre, Inc. (NASDAQ:MELI), IQVIA, and Universal Display Corp. MercadoLibre struggled due to a combination of fundamentals and an increasingly challenging macroeconomic environment in its primary regions, predominately Brazil. The issue within fundamentals was related to a shortfall in operating margins, as the company significantly invested across its platforms, with the addition of six new fulfillment centers aimed at regionalizing its distribution network to better serve and retain its commerce customer base and expand its credit card offering. While these investments caused a negative reaction in the stock's share price, the company has consistently demonstrated effective capital allocation in support of its medium and long term growth. Outside of the company's control, the outlook for inflation in Brazil deteriorated throughout the year, weighing on equities across the region. We continue to monitor the region's macroeconomic backdrop as a key investment risk for MercadoLibre, but we view the company as a best-in-class operator that will emerge in a better position on the other side of a macro recovery.' Overall, MELI ranks 7th on our list of best stocks to buy and hold for 2 years. While we acknowledge the potential of MELI as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than MELI but that trades at less than 5 times its earnings, check out our report about the . READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires Disclosure: None. This article is originally published at Insider Monkey.

Is Tesla, Inc. (NASDAQ:TSLA) The Best Stock to Buy and Hold for 2 Years?
Is Tesla, Inc. (NASDAQ:TSLA) The Best Stock to Buy and Hold for 2 Years?

Yahoo

time31-03-2025

  • Automotive
  • Yahoo

Is Tesla, Inc. (NASDAQ:TSLA) The Best Stock to Buy and Hold for 2 Years?

We recently published a list of 10 Best Stocks to Buy and Hold For 2 Years. In this article, we are going to take a look at where Tesla, Inc. (NASDAQ:TSLA) stands against other best stocks to buy and hold for 2 years. On March 27, CNBC reported that the stocks dipped on Wednesday, led by the technology sector. The S&P 500 dipped around 1.12%, followed by the Dow Jones, which fell by 132.71 points. More notably, the technology-dominated NASDAQ dropped by 2.40% closing at 17,899.01 points. The drop in the stock market was further aggravated by the White House's announcement of new tariffs on auto imports. To talk about the future of technology and artificial intelligence Doug Clinton, Intelligent Alpha founder, joined CNBC for an interview on March 29. He mentioned that it has been more than a month now that the big technology names, especially artificial intelligence companies, are not performing so well. However, despite the recent dip, Clinton maintained his bullish sentiment for the sector. He pointed out that if we zoom out of the current situation and look at the sector from two to three years from today, we will still see AI stocks rally and large capital expenditure bills. Clinton pointed out that if you are a believer in AI trade it is important to remember that the market has had more than two years of absolutely no turbulence. This period of stability started from the end of 2022 to the beginning of 2025. Clinton categorized the current dip as the first real challenge for the AI trade. Referencing history, he pointed to the Dot Com era, when the Dot Com trade faced its first real challenge. The turbulence took 200 days to reach a new NASDAQ high back then. He clarified that this does not mean that the current turbulence will last 6 months, however, if someone believes in the AI trade then they need to be patient through the dip. READ ALSO: and . While talking about the valuations, Clinton highlighted that the question is about the kind of risks an investor wants to take during the trade. He noted that investors can choose to trade during the turbulence by exiting the market at high times, however, the risk is that the AI stocks can rise 20% to 30% in no time, making it difficult for investors to get back in. Clinton pointed out that he is looking at this trade from a two to three years lens. He believes that this will give him enough exposure and will also reduce the risk of missing out on the bigger picture. To compile the list of 10 best stocks to buy and hold for 2 years we sifted through financial media reports. From these sources, we shortlisted stocks with more than 20% sales growth over the past 3 years. Next, we ranked these stocks in ascending order of the number of hedge fund holders, sourced from Insider Monkey's Q4 2024 database. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). Tesla, Inc. (NASDAQ:TSLA) is a renowned designer and manufacturer of electric vehicles and energy generation and storage systems. The company operates through two main segments including the Automotive Segment and Energy Generation and Storage Segment. While the company has a range of electric vehicles in the market, it is also working on developing fully autonomous vehicles. Nightview Capital mentioned Tesla, Inc. (NASDAQ:TSLA) in its Q4 2024 investor letter. The fund believes that the company is a market leader in AI technology, however, it continues to be underestimated by the market. Nightview Capital mentioned that the company after a relatively flat period of growth is on the verge of the next S-curve, led by its achievements in autonomous driving, energy storage, and electric vehicles. The fund noted that its leadership in Full Self-Driving (FSD) is one of the key competitive advantages. Moreover, the energy storage potential is also a hidden gem that the fund believes has the potential to become a trillion-dollar business. During the fiscal fourth quarter of 2024, Tesla, Inc. (NASDAQ:TSLA) produced 459,445 electric vehicles and delivered 495,570. While the total Automotive Segment revenue still declined by 8% year-over-year, the Energy Storage segment revenue grew 113% during the same time. Management noted that they believe its Model Y will again become the best-selling vehicle as they have improved it with the new launch. Tesla, Inc. (NASDAQ:TSLA) is one of the best stocks to buy and hold for 2 years. Nightview Capital stated the following regarding Tesla, Inc. (NASDAQ:TSLA) in its Q4 2024 investor letter: 'Artificial intelligence is no longer just a promise—it's becoming the defining force of the modern economy. From self-driving vehicles to humanoid robotics, intelligent systems are not only enhancing efficiency but unlocking entirely new markets. These systems process and learn from vast amounts of real-world data, iterating and improving at a scale no human could achieve. Overall, TSLA ranks 5th on our list of best stocks to buy and hold for 2 years. While we acknowledge the potential of TSLA as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than TSLA but that trades at less than 5 times its earnings, check out our report about the . READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio

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