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2 Artificial Intelligence Stocks to Buy for the Rest of the Year

Stock Markets Nov 18, 2021 10:30AM ET
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© Reuters. 2 Artificial Intelligence Stocks to Buy for the Rest of the Year
 
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Amid fast-paced digitalization, organizations’ desire to develop smart operations and quick-problem-solving capacity is driving the growth of the artificial intelligence (AI) market. So, we think it could be wise now to bet on fundamentally sound AI stocks Gartner (NYSE:IT) and Materion (NYSE:MTRN). Read on.The fast-paced digitalization globally and with it the drive to create smart operations is propelling the growth of the artificial intelligence (AI) market. Decision making, speech recognition, social and general intelligence are some AI applications gaining popularity in the digital era. Indeed, the global artificial intelligence market is expected to reach $284.4 billion by 2026, registering an impressive 29.4% CAGR.

Real estate companies are increasingly using AI in buying, selling, and home financing. Also, AI is becoming a popular source of professional advice. Some big data management companies believe that AI could be a key solution in managing and retaining employees in an organization. And investors’ interest in artificial intelligence stocks is evident in the Global X Robotics & Artificial Intelligence ETF’s (BOTZ) 38.1% gains over the past year.

Given this backdrop, we think fundamentally sound AI stocks Gartner, Inc. (IT) and Materion Corporation (MTRN) could be solid bets for the rest of the year.

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2 Artificial Intelligence Stocks to Buy for the Rest of the Year
 

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