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Stock impact report

3 Artificial Intelligence (AI) Stocks That Could Go Parabolic [Yahoo! Finance]

UiPath, Inc. Class A (PATH) 
Company Research Source: Yahoo! Finance
But as those AI darlings soared, many other AI-related businesses were left in the dust. Three of those stocks were UiPath (NYSE: PATH) SentinelOne (NYSE: S) , and Baidu (NASDAQ: BIDU) . Today, I'll explain why these three unloved AI stocks could head much higher in the near future. 1. UiPath UiPath develops robotic process automation (RPA) tools that can be plugged into a company's existing software applications to automate repetitive tasks like entering data, processing invoices, onboarding customers, and sending out mass emails. It's the world's largest RPA company, according to Gartner , and UiPath serves more than 10,800 customers in over 100 countries. UiPath's growth accelerated throughout the pandemic as more companies replaced their human workers with its RPA tools. In fiscal 2023 (which ended Jan. 31, 2023), its revenue increased 19% even as as inflation, rising interest rates, geopolitical conflicts, and other macro headwinds drove many companies to rein in spending Show less Read more
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