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Could This Be the Next Great AI Stock?

TheMotleyFool

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Could This Be the Next Great AI Stock?Photo, wide shot, wide-angle lens, Computer hardware manufacturer, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Edward Burtynsky: https://img.theapi.app/temp/32e7a10f-efd0-424a-861f-2f3e0bb7ce02.png

Artificial intelligence (AI) is an extremely wide field, making it easy for companies to emerge out of nowhere. One of those companies is UiPath (NYSE: PATH), which specializes in process automation. While this stock has seen a strong 2023 performance, it hasn't seen nearly the boom that its peers have.

So is UiPath the next great AI stock? Let's take a look.

UiPath specializes in process automation. In many jobs, there could be a long, drawn-out process of filling out a form, submitting it to a database, creating a purchase order, then putting that information into a spreadsheet. Whatever the process, if it's repetitive, UiPath can automate it.

Source Fool.com

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