MNDY - 2 Artificial Intelligence (AI) Stocks That Could Go Parabolic
2024-03-20 04:30:00 ET
The excitement of artificial intelligence (AI) is seemingly carrying the stock market higher. Those stocks that Wall Street has deemed to be AI winners, like Nvidia or Super Micro Computer , have multiplied in value over the past year, a parabolic journey that's made investors very wealthy.
Perhaps the next big AI move will be companies that integrate AI technology to become better businesses. In this category, stocks like UiPath (NYSE: PATH) and Monday.com (NASDAQ: MNDY) come to mind. These two stocks have done well over the past 18 months, but more upside could be ahead.
UiPath is an excellent example of artificial intelligence positively impacting a company's business model. UiPath is a leader in robotic process automation (RPA). This software can observe, learn, and automate repetitive office tasks like filling out or filing documents, managing interfaces, or sending communications. UiPath has been in business since the early 2000s, so the product has improved as broader technology has improved, especially over the past decade.
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2 Artificial Intelligence (AI) Stocks That Could Go Parabolic