Top 3 Robotics and Automation Stocks for the Next AI Boom

Core Viewpoint - The market is experiencing a phenomenon termed "AI fatigue," suggesting that the excitement around artificial intelligence may be waning as investors seek tangible profit-making applications of AI [1]. Group 1: AI Market Trends - The next wave of AI is expected to include interactive and autonomous AI, with companies currently making progress in these areas [3]. - Historical context shows that early investors in technology stocks like Apple and Microsoft were rewarded when the internet's potential was realized [2]. Group 2: UiPath Inc. (PATH) - UiPath specializes in robotic process automation (RPA) technology, aiming for agentic automation that integrates various agents for smarter decision-making [3]. - The company is not consistently profitable, but it has seen year-over-year revenue growth, albeit at a slowing rate [4]. - Analysts have raised price targets for PATH stock, with a consensus target of $17.71, indicating a potential upside of 21$650 per share [7]. Group 4: iRhythm Technologies Inc. (IRTC) - iRhythm designs medical devices for ambulatory cardiac monitoring, with its latest product utilizing advanced AI based on extensive heart rhythm data [8]. - The company serves 6.4 million patients in the U.S. and plans to expand its market reach, potentially increasing its total addressable market to over one billion [9]. - Despite a recent stock increase, IRTC is down 15% in 2024, but analysts maintain a consensus price target of $107.82, with some projecting targets as high as$152 [10].