Is Artificial Intelligence (AI) Stock UiPath a Good Long-Term Investment?
We're at the dawn of the artificial intelligence era, and the sector has massive growth ahead of it. AI is forecast to become a $1.8 trillion market by 2030, expanding from $142.3 billion in 2022. The rise of AI creates an opportunity to invest in firms delivering this breakthrough technology.
One compelling tech company among the many offering AI services is UiPath (NYSE: PATH). This firm is tackling an intriguing issue that, on the surface, can seem inconsequential. Yet the company's sales success shows it's addressing a key problem for many businesses today.
This success and its prospects for the long haul make UiPath a particularly attractive investment. Details can be challenging to unpack, however, because the firm's IPO happened in 2021, giving it scant history as a public company. But a deeper look into UiPath can help assess its merits as a long-term investment.
Source Fool.com
