Cathie Wood Favors UiPath and Twilio Over Nvidia for AI Exposure Despite Recent Stock Gains

Cathie Wood advocates investing in UiPath and Twilio over Nvidia for AI exposure. She sees Nvidia's valuation as too expensive.
UiPath stock has gained 28% YTD. Management is upbeat on Generative AI as a tailwind. However, analyst Keith Bachman expects range-bound action due to AI uncertainty.
Twilio stock is up 20% YTD as it focuses on growth initiatives. CEO sees promise in AI as an "accelerant." However, HSBC analyst initiated coverage with a Hold citing cloud demand uncertainty.
UiPath has a Moderate Buy consensus with a $19.50 average price target (20% upside).
Twilio has a Moderate Buy consensus with a $67.65 average price target (16% upside).

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9/3/2023

Cathie Wood's Ark Invest Is Selling Nvidia and Betting Big on These 2 Artificial Intelligence (AI) Growth Stocks

Nvidia stock has seen a significant increase in value this year, but Ark Invest has trimmed its position in the company and is now investing more in UiPath and Zoom Video Communications, two other AI stocks with growth potential. UiPath specializes in business automation software and has a long runway for growth, while Zoom is a leader in unified communications and is benefiting from the growing demand for AI software. Both stocks are trading at a discount and are considered good growth investments.

9/5/2023

MSFT, PATH, or NVDA: Which AI Stock is the Most Promising Pick? - TipRanks.com

Despite the buzz around generative AI, analysts are highly bullish on Microsoft and Nvidia due to AI-driven demand, while they are more cautious on UiPath, with Wall Street seeing higher upside potential in Nvidia than the other two stocks.

9/28/2023

Cathie Wood Highlights UiPath and Twilio as Overlooked AI Plays with Upside

ARK Invest CEO Cathie Wood suggests that there are two less obvious plays on the booming AI sector - UiPath and Twilio - which she believes are "very profitable" and worth investing in.

10/18/2023

Ark Invest Sells Some Nvidia, Buys More UiPath as Analysts See Growth Potential for AI Software Firm

Ark Invest reduced its position in Nvidia during the second and third quarters, likely to rebalance its portfolio, while increasing its position in UiPath, an AI growth stock that offers automation and artificial intelligence capabilities in the business automation sector. UiPath is recognized as a leader in RPA and is well-positioned to benefit from the growing demand for AI in various markets. Despite headwinds, UiPath continues to grow steadily and has received commendations as a category leader in robotic process automation, making it an attractive investment option with a reasonable valuation.

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Posted 9/26/2023, 6:39:43 AM