11 Best AI Stocks to Buy According to Hedge Funds

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3. UiPath Inc. (NYSE:PATH)

Number of Hedge Fund Holders: 41

UiPath Inc. (NYSE:PATH) is one of the best AI stocks to buy according to hedge funds. On June 25, UiPath announced a significant internal transformation of its Enterprise Resource Planning/ERP system. The ambitious project involved a collaboration with Deloitte to migrate UiPath’s ERP to SAP S/4HANA. Dubbed the “Customer Zero” initiative, the goal was to set a new benchmark for ERP modernization by using intelligent, agentic automation to enhance operational efficiency and scalability.

UiPath embarked on this overhaul to address challenges stemming from its rapid business growth and increasing global demands. The company was contending with fragmented systems, time-consuming manual billing cycles, and complex multi-GAAP reporting processes.

The “Customer Zero” initiative adopted an “automation-first” approach, deeply embedding the UiPath Platform for agentic automation. The platform includes technologies like RPA, intelligent document processing/IDP, UiPath Apps, and AI-powered orchestration. The integrated approach allowed UiPath to streamline SAP data migration, improve system integrations, and eliminate manual bottlenecks across its core finance operations.

UiPath Inc. (NYSE:PATH) provides an end-to-end automation platform that offers a range of robotic process automation/RPA solutions internationally.

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