The Nasdaq Composite (NASDAQINDEX: ^IXIC) is down about 5% since the end of September, as of Nov. 2, 2026. The sell-off comes as Wall Street worries about big tech’s spending on artificial intelligence (AI). But leading tech stocks remain some of the best ways to build wealth over the long term.
Over the last 10 years, Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG), Amazon (NASDAQ: AMZN), and Netflix (NASDAQ: NFLX) each grew revenue at least fivefold, and hundreds of millions of people use their services daily. Each is benefiting from AI, making them three of the best internet giants to hold for the next 10 years. Here’s why they are worth buying now for the long term.
Missed AI’s “Act 1”? Act 2 Could Be 16x Bigger. Most investors think they missed the AI boat because they didn’t buy Nvidia in 2005. But according to our analysts, we’re only at the end of “Act 1″—the R&D phase. “Act 2” is the global rollout. Continue »
1. Alphabet
Alphabet runs Google Search and YouTube, and its Gemini app just hit 1 billion users. Yet the stock is down 19% since Sept. 30, trailing the Nasdaq. That dip could be an opportunity, since fears that AI chatbots will replace Google may be overblown.
AI is actually helping Alphabet grow Search ad revenue. During the third-quarter earnings call, CEO Sundar Pichai said query growth is the fastest in five years, partly driven by increasing usage of AI Mode, Google’s chatbot-style search feature. Now Google is rolling out AI Mode ads globally, giving it more search queries to monetize.
Growing usage of AI features helped push Search revenue up 12% year over year to $63 billion last quarter. Pichai said the trust Google has built “with scale in billions of users” will “end up being a huge differentiator” in AI.
One risk is that AI Mode ads currently earn less per search, which management said weighed on results. Still, the stock looks reasonably priced at a forward price-to-earnings (P/E) ratio of about 18 times 2027 earnings estimates, below its five-year average trailing P/E of about 24, and analysts expect about 17% annual earnings growth over the next five years.
2. Amazon
Amazon leads online shopping with hundreds of millions of Prime members and also leads the cloud computing market with Amazon Web Services (AWS). The stock is down just 0.9% since Sept. 30 and up 7% year-to-date as of Nov. 2.
AI is a big opportunity for these businesses. More than 400 million customers used Alexa for Shopping, Amazon’s agentic AI assistant, in the past year, and U.S. users spend 50% more per order. In AWS, revenue commitments for its Graviton and Trainium chips each rose more than 20 times year over year, and customers using them saved more than $2 billion last quarter. Those savings are why companies stick with AWS.
