June 24, 2024

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3 Stocks That Can Help You to Get Richer In 2034

2 min read

At its core, investing is all about the future. In typical approaches that try to put a value on a company’s stock, prospective investors start by estimating the amount of money the company will generate for its owners over time.

That future cash generating ability — discounted for the fact that a potential $1 in your pocket next year is worth less than $1 of certain cash in your pocket today — forms the basis of that valuation estimate. With that in mind, these three stocks are ones that look likely able to generate money over the next ten years (and beyond) to help provide a great foundation for your financial future. If they perform as expected between now and then, they could help you to get richer by the time 2034 rolls around.

An investor pointing at an upward sloping chart.

Image source: Getty Images

No. 1: A semiconductor titan that’s investing heavily in its future

Intel (NASDAQ: INTC) has seen its shares struggle over the past several years as it attempted to extract value from its existing microchip making facilities. Its underinvestment in next-generation capacity has allowed its more nimble competitors to leapfrog it in terms of technological superiority.

Yet it is clear that Intel recognizes the risks to its future from falling behind in an industry where product performance matters as much as it does in semiconductors. From artificial intelligence to smartphones, laptops, and embedded microchips in so many everyday products, smaller, faster, and more power efficient chips are clearly in demand.

After what one could argue was far too long a wait, Intel is aggressively investing in the capacity it needs to provide competitive next-generation computing power. With help from federal funding from the CHIPS act, Intel is investing more than $100 billion over the next several years to build out the precision manufacturing capacity needed to thrive.

Today’s investments should translate to tomorrow’s cash flows. With the first wave of that new capacity expected to come online later this year, investors may…

2024-05-27 10:30:00

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