In 2023, AI-related companies saw a meteoric rise in their stock prices, demonstrating investors’ confidence in AI’s potential. However, the mainstream AI players may have already made the easy money, so more specialized AI niches could provide further lucrative opportunities. Robotics and narrow AI applications have yet to grab the spotlight, and they could be primed to deliver strong gains to savvy investors over the next 12 months. UiPath is an under-the-radar robotics software company that builds automation software to help deploy robots that can take over repetitive and dangerous jobs. Despite the healthy growth estimates, UiPath’s forward P/E ratio drops to only 30x based on 2028 projections, making it a cutting-edge way to play AI’s infiltration into the physical economy.
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