Missed Out on SoundHound AI's Run-Up? My Best Artificial Intelligence (AI) Stock to Buy and Hold

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Missed Out on SoundHound AI's Run-Up? My Best Artificial Intelligence (AI) Stock to Buy and Hold

^{Published on 2024-12-31 10:01:18 - MSN}

SoundHound AI has been one of the hottest artificial intelligence (AI) stocks on the market in 2024, clocking stunning gains of 936% as of this writing on the back of several favorable developments such as its outstanding growth,

The article from MSN Money discusses the rapid rise of SoundHound AI's stock, which has seen a significant increase due to the growing interest in AI technologies. However, instead of focusing on SoundHound, the article pivots to recommend another AI stock for long-term investment: UiPath (PATH). UiPath is highlighted for its leadership in Robotic Process Automation (RPA), a sector expected to grow as businesses seek to automate repetitive tasks. The piece notes that despite a dip in UiPath's stock price due to broader market conditions, the company's strong fundamentals, including a robust customer base, high gross margins, and a clear path to profitability, make it an attractive buy. The author suggests that UiPath's technology, which helps companies automate workflows, positions it well for future growth in the AI and automation market, making it a potentially lucrative long-term investment.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/savingandinvesting/missed-out-on-soundhound-ai-s-run-up-my-best-artificial-intelligence-ai-stock-to-buy-and-hold/ar-AA1wLoU6 ]

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