Should You Buy One of Cathie Wood's Top AI Stocks?
Cathie Wood's Ark exchange-traded funds (ETFs) hold positions in some of the world's most cutting-edge companies. However, there are some companies she has incredibly high conviction in, and in which her funds own significant stakes. Ark's largest holding is , the EV maker known for utilizing artificial intelligence (AI) in its autonomous driving software. But its fourth-largest holding is a much lesser-known AI-centric company: UiPath (NYSE: PATH).
Overall, Ark Invest ETFs own nearly 10% of UiPath stock worth more than $800 million. Should you follow Wood's lead into this AI investment?
UiPath is in the business of taking repetitive tasks and automating them via robotic process automation (RPA). While some may be concerned that robots are taking people's jobs, it shouldn't be framed that way. Eliminating repetitive tasks that can easily be automated frees employees up to do more creative and innovative things that robots cannot -- tasks that can boost a company over the long term.
Source Fool.com
Tesla Inc Stock
Our community is currently high on Tesla Inc with 113 Buy predictions and 51 Sell predictions.
On the other hand, the target price of 286 € is below the current price of 298.75 € for Tesla Inc, so the potential is actually -4.27%.
