Artificial Intelligence (AI) stocks were battered over the summer. The VanEck Semiconductor ETF, which is chock-full of semiconductor stocks that are tied to the AI sector, fell as much as 25% from the all-time high it set in July.

Nevertheless, I remain bullish on AI. Investors have only seen the beginning stages of how this technology will reshape the world, and additional innovations will take years and even decades to emerge.

That is a strong case for owning AI stocks long term — here are two I find particularly compelling.

The cutting-edge leader in data analytics

Topping my list is Palantir Technologies (NYSE: PLTR).

The company, which provides AI-powered big data solutions, is riding high. Earlier this month, it was announced that Palantir would join the S&P 500 index. That news spurred a rally in the stock, which has already climbed by 113% year to date.

Behind that excellent performance is the company’s sterling fundamentals. Still a young company, Palantir is primarily focused on growing its customer base and revenue. As of the second quarter, its quarterly revenue increased to $678 million, up 27% from a year earlier.

Similarly, Palantir’s U.S. customer count is growing very rapidly. The company reported 295 American commercial customers last quarter, up 83% year over year. Moreover, Palantir is attracting larger customers as it closed 27 deals worth more than $10 million each during the period.

Needless to say, Palantir is riding the wave of AI momentum. As CEO Alex Karp noted in his most recent shareholder letter, “Our growth across the commercial and government markets has been driven by an unrelenting wave of demand from customers for artificial intelligence systems that go beyond the merely performative and academic.”

In short, the company has caught the wave and is riding it well. Investors looking for an AI stock to buy and hold for the long term should strongly consider Palantir.

The foundation of AI innovation

Next on my list of AI stocks is Nvidia (NASDAQ: NVDA).

That said, Nvidia is a stock I want to buy and hold for the next decade or longer. That’s important because I’ve made no secret of my opinion that the stock has become .

However, I still view it as a strong buy because AI is a long-term trend that will play out over many years. In the same way the internet continues to evolve, AI has a long road ahead of it.

That’s great news for Nvidia, in particular, because its product is the go-to solution when it comes to building the “brains” of various AI models. It makes the most favored by AI developers

The red-hot demand for AI-capable GPUs means Nvidia can charge top dollar for its products, including the H100 and its soon-to-debut Blackwell chip.

It’s important to remember why Nvidia’s stock has surged more than 600% over the last two years: The company’s revenue and profits are exploding.

In its most recent quarter (ended July 28), revenue was $30.0 billion, up 122% from a year earlier. Over the last 12 months, the company has generated $96.3 billion in sales, up from $25.7 billion less than two years ago. Profits have similarly surged.

The company’s dominant position in AI has driven its share price to new heights, but even following its incredible two years of gains, Nvidia remains an AI stock I want to own for the next decade and beyond.

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has positions in Nvidia. The Motley Fool has positions in and recommends Nvidia and Palantir Technologies. The Motley Fool has a .

was originally published by The Motley Fool

In response to the newest information, the blockchain community Fractal Bitcoin continues to seize round 226 exahash per second (EH/s) of Bitcoin’s hashrate by way of merged mining. Moreover, Fractal Bitcoin’s native crypto asset, FB, achieved an all-time excessive (ATH) final week however has since dropped 61.9% under that ATH simply six days later.

Mining Swimming pools Reap Rewards as Fractal Bitcoin Generates Returns Alongside Bitcoin’s Subsidy

The blockchain protocol Fractal Bitcoin continues to harness 226.19 EH/s of merged mining hashpower from the Bitcoin blockchain to gasoline its sidechain. Moreover, 18.1 EH/s of permissionless mining bolsters the community’s operations.

Onchain information reveals that thus far, a complete of 40,354 Fractal Bitcoin blocks have been mined, with round 2,068,925 FB tokens in circulation. Every FB is at the moment buying and selling at $12.91, bringing the whole market worth to $26.8 million.

This market valuation locations FB within the 674th place among the many greater than 10,000 crypto asset market caps. Mining metrics present 103.4 EH/s of Fractal Bitcoin’s merged mining hashpower comes from unknown bitcoin (BTC) miners.

The mining pool large Antpool dedicates 82.34 EH/s to Fractal Bitcoin out of its 170.74 EH/s allotted to the Bitcoin community. Along with that contribution, F2pool contributes 25.48 EH/s, and Spiderpool dedicates 7.72 EH/s to Fractal Bitcoin.

Permissionless mining swimming pools supporting the community embrace F2pool, Spiderpool, Maxipool, Moonx, Solo Fractal, and Fairpool. At present, 32.3% of the two million FB tokens in circulation are held by the highest 5 wallets exhibiting a excessive stage of focus.

The most important pockets alone controls 15.7%, with all 5 addresses holding a mixed complete of 668,631.54 FB. Whereas FB is priced at $12.91 per coin, simply final week on Sept. 15, 2024, it reached $38.80 earlier than falling by greater than 61%.

Whereas there’s 2 million cash in circulation, FB’s provide will proceed to develop. With a max provide of 200 million FB, the absolutely diluted valuation would enhance to $1.3 billion utilizing present FB alternate charges.

Previously 24 hours, FB noticed $18.79 million in world buying and selling quantity, accounting for less than 0.03523% of the $53.352 billion traded all through your entire crypto market. Regardless of the current dip, mining swimming pools are cashing in some additional earnings by mining the sidechain alongside Bitcoin.

Every block at the moment generates 32 to 34.5 FB, which at the moment interprets to simply below $495 per block. One of many wallets managed by F2pool holds a hefty $388K in worth, or 30,128.73 FB tokens. One other F2pool handle instructions 10,318.35 FB, valued at $150K, whereas one in all Antpool’s coinbase reward handle boasts 22,922.6 FB, price $335K.

This extra income for miners contributing to FB mining, whereas additionally securing the Bitcoin community, comes at a time when earnings from mining BTC alone have been powerful. Incomes over $500,000 in lower than two weeks isn’t any small feat.

What do you concentrate on bitcoin miners contributing to the Fractal Bitcoin sidechain and the excessive focus of FB cash? Share your ideas and opinions about this topic within the feedback part under.

After Donald Trump has entered the cryptocurrency market, however his new remarks elevate questions on whether or not he really understands the sector he’s coming into. The previous president and his three sons have , a brand new cryptocurrency geared toward making the US the

However his ambiguous and steadily perplexing remarks concerning the initiative have made folks marvel if he understands what he’s advocating.

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“Crypto is a kind of issues we’ve got to do,” Trump acknowledged, earlier than veering off right into a ramble that included references to synthetic intelligence and high-tech jargon. “Whether or not we prefer it or not, I’ve to do it … It is crypto, it is AI, it is a number of the different issues,” he stated, leaving many listeners scratching their heads.

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This complicated rhetoric marks a stark departure from Trump’s earlier stance on digital belongings. Just some years in the past, he condemned Bitcoin as a risk to the U.S. greenback and warned of its use in unlawful actions. However based on his most up-to-date monetary kind, since declaring his candidacy for president once more, Trump has allegedly along with .

WLFI is being promoted as a stablecoin pegged to the U.S. greenback, supposedly providing an answer to the volatility that plagues different cryptocurrencies. The venture has been spearheaded by Trump’s sons, Eric and Donald Trump Jr., who’ve positioned it as a method for peculiar People to reclaim monetary energy from conventional banks.

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Alternatively, critics argue that there are probably many conflicts of curiosity on this enterprise, particularly if Trump is reelected and makes use of his govt energy to decontrol the cryptocurrency market, which some folks count on him to do and which might, on the identical time, profit his household’s firm.

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In line with Lusso’s Information, the venture’s key dealmaker, Chase Herro, has a doubtful previous that features selling questionable merchandise and making ethically questionable statements like “Should you do that proper, who f—ing cares if it goes to zero.” In a 2018 YouTube video, he boasted about with the ability to promote “shit in a can, wrapped in piss, lined in human pores and skin, for a billion {dollars} if the story’s proper.”

Whereas Trump and his crew promote WLFI as a steady monetary instrument, previous occasions inform a special story. worn out almost $2 trillion from the crypto market, inflicting large losses for a lot of traders. On high of that, and different unlawful actions, making folks cautious about utilizing them broadly.

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