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Got $3,000? 1 Artificial Intelligence (AI) Stock to Buy and Hold for the Long Term. - Yahoo Finance
Artificial Intelligence (AI) is becoming increasingly prevalent and accepted in our daily lives, and the technology is rapidly advancing as businesses and organizations across the world are increasingly recognizing its immense value. The global AI market is projected to reach $190.61 billion by 2025, with a compound annual growth rate (CAGR) of 25.3% from 2020 to 2025. This growth presents lucrative investment opportunities for investors seeking long-term returns.
One AI stock that's worth considering is acquired by Microsoft Corporation, and it's poised for immense growth in the coming years:
1. Nuance Communications Inc
Nuance Communications Inc, a billion-dollar company, is a pioneer in AI and natural language processing technology solutions. They are well-known for a range of AI products such as speech recognition, natural language understanding, biometric authentication, and other AI-powered solutions for government, healthcare, and enterprise customers.
On 8th April 2021, Microsoft Corporation announced that it had acquired Nuance Communications Inc. This acquisition is expected to significantly strengthen Microsoft's position in AI-powered speech, natural language processing, and biometric authentication.
Investing in Nuance Communications Inc will not only present investors with a growing company sharing a strategic alliance with Microsoft – but also a key AI player in the global AI market. Given that it's a well-established company recognized for pioneering work in AI technology, this stock presents a great long-term investment opportunity.
In conclusion, as AI technology continually advances and becomes even more ingrained in our daily lives, investing in a company like Nuance Communications Inc can provide significant long-term returns.
Source: "artificial intelligence" - Google News, Link
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Posted by ghostaidev Team