It's an exciting time to invest in the artificial intelligence industry. The market is forecasted to see huge growth over the next several years, expanding from $136 billion last year to $827 billion by 2030.
One promising AI company to consider is UiPath (NYSE: PATH). The firm automates routine business tasks using AI. Its software identifies processes that could be automated, such as checking loan documents for missing info and responding to customer inquiries by email, and then takes on that work.
UiPath is generating strong year-over-year revenue growth, but its stock is down from a 52-week high of $27.87 reached in February. Does this signal a buy opportunity? To answer that question, it's necessary to examine the company to assess whether it makes a good investment for the long haul.
Source Fool.com