SNOW - Better AI Stock: Snowflake vs. UiPath
2023-10-25 08:09:00 ET
Snowflake (NYSE: SNOW) and UiPath (NYSE: PATH) represent two different ways to invest in the growing artificial intelligence (AI) market. Snowflake's cloud-based data warehouse aggregates data from a wide range of computing platforms across an organization, cleans it up, and makes it easily accessible to third-party data visualization and analytics applications.
UiPath's software robots can be plugged into an organization's existing software to automate repetitive tasks like entering data, processing invoices, managing inventories, onboarding customers, and sending out mass emails.
But over the past 12 months, Snowflake's stock has declined 16% as UiPath's stock advanced 32%. Let's see why UiPath outperformed Snowflake by such a wide margin -- and if it will remain the better AI play for the foreseeable future.
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Better AI Stock: Snowflake vs. UiPath