3 AI Stocks You’ll Regret Not Buying Soon: November 2023

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22 Jan 2024

In the ever-evolving landscape of artificial intelligence (AI) investments, opportunities abound beyond the well-known giants like Nvidia and Palantir. While these industry leaders continue to make waves, smaller AI companies are quietly positioning themselves for significant growth. In this edition, we explore three under-the-radar AI stocks that could be the next big winners: Symbotic (SYM), UiPath (PATH), and Chegg (CHGG).

1. Symbotic (SYM): Revolutionizing Warehouse Management

Market Cap: $20.66 Billion
Price: $37.16
. Despite operating in the less-glamorous sector of warehouse management, Symbotic (NASDAQ: SYM) has caught the attention of blue-chip companies like Walmart and Target.
. Symbotic’s AI-enabled warehouse robotics are already in use by major corporations, showcasing the practicality and efficiency of their solutions.
. The company’s recent expansion into developing AI-managed warehouse systems for smaller businesses signals a strategic move to tap into a growing market segment.
. With the pivot towards shared-use facilities and smaller companies, Symbotic is poised to capitalize on the expanding warehouse and storage facilities market.

2. UiPath (PATH): Redefining Administrative Efficiency with AI

Market Cap: $10.51 Billion
Price: $18.55
. UiPath (NYSE: PATH) is disrupting traditional expectations by bringing AI to human resource and administrative sectors globally.
. Cathie Wood, renowned for her investment acumen, has highlighted UiPath as one of her favorite AI stocks, emphasizing its role in automating mundane administrative tasks.
. UiPath’s versatile platform, compatible with major players like Salesforce, OpenAI, and Amazon Web Services, positions it as a comprehensive solution for administrative AI management.
. Financial strength is a key differentiator, with recurring revenue growing by 25%, and total year-over-year revenue achieving a robust 19% growth.

3. Chegg (CHGG): Transforming Education with AI

Market Cap: $1.14 Billion
Price: $9.81
. Chegg (NYSE: CHGG) is carving its niche in the overlooked sector of EdTech, focusing on personalizing learning experiences through AI.
. A recent partnership with Scale AI underscores Chegg’s commitment to tailoring educational outputs, addressing the challenges faced by instructors in large classrooms.
. Beyond AI, Chegg stands out for its shareholder-friendly approach, exemplified by its $200 million share buyback program.
. The company’s unique combination of proactive growth emphasis and financial stability makes it a compelling choice for investors seeking a well-rounded and future-oriented portfolio.
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Written by Shantanu Gupta

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