AI and Data Leaders UiPath, Palantir, Arm Seen as Smart Long-Term Bets
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Artificial intelligence (AI) is an enduring technology trend that is increasing efficiency, similar to past trends like the internet, cloud computing, and automobiles.
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Not all AI stocks are good investments, so focus on quality companies with strong growth and fundamentals.
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UiPath is a leader in robotic process automation, has strong revenue growth and cash flows, and trades at an attractive valuation.
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Palantir enables organizations to centralize, visualize, analyze and use their data with AI; it is profitable, growing rapidly, and has a strong balance sheet.
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Arm Holdings designs energy-efficient chips used in 99% of smartphones and many other devices; its technology powers AI and it has a capital-efficient business model.