Published on 11 Oct 2021 on Insider Monkey via Yahoo Finance
The Best AI Stocks to Buy for 2021 and Beyond
In this article, we discuss the 10 best AI stocks to buy for 2021 and beyond. You can skip our detailed analysis of the AI industry, and go directly to see the 5 Best AI Stocks to Buy for 2021 and Beyond.
The demand for artificial intelligence (AI) products and services has increased manifold over the last few years as it continues to transform every walk of life. According to a report published by Grand View Research, the global AI market is expected to reach $997.7 billion by 2028, growing at a CAGR of 40.2%.
The onset of Covid-19 has further enhanced the investments of big organizations in AI, as businesses moved to digital channels. McKinsey & Company reported that around 61% of high-performing organizations have increased their investments in AI during 2020, especially healthcare and automotive companies. Moreover, the report also mentions that after the pandemic, companies are more likely to carry nearly 80% of their customer interactions digitally, as compared to before the Covid-19 crisis.