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As several industries are adopting AI to automate tasks and processes, the global AI market is expected to grow at a CAGR of 21% during 2021-2025, with 56% of the growth contributed by North America.
Given the promising prospects of the AI market, fundamentally sound stocks in this space Cisco Systems, Inc. (CSCO), STMicroelectronics N.V. (STM), and Belden Inc. (BDC) could be solid additions to one’s portfolio.
