11 Best Mid Cap AI Stocks to Buy Right Now

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4. UiPath Inc. (NYSE:PATH)

Market Cap: $5.47 Billion

Number of Hedge Fund Holders: 41

UiPath Inc. (NYSE: PATH) is one of the best midcap AI stocks to buy right now. On August 1, 2025, UiPath announced the general availability of its new Generative Extractions capability for the Intelligent Document Processing (IXP) platform. The release enables users to automate the processing of unstructured and complex documents using generative AI. This includes parsing multi-table layouts, freeform text, embedded graphics, and other non-standard formats that traditional document automation tools often fail to handle effectively. The feature is now live in the U.S. and Europe, with public previews rolled out to customers in Canada, Australia, and Japan.

This expansion marks a major step forward in UiPath’s strategy to integrate large language model capabilities across its platform. By bringing generative document understanding to production environments, the company is positioning its platform not just for routine automation, but for high-complexity, high-volume enterprise workflows. With many global organizations still struggling to extract structured insights from PDFs, scans, and multi-modal documents, this feature directly addresses one of the most persistent gaps in automation.

UiPath is a New York-based enterprise automation software company known for its robotic process automation (RPA) platform. UiPath is actively transitioning toward agentic automation, mixing deterministic RPA workflows with generative AI and AI agents. They’ve introduced tools like Agent Builder and launched the UiPath Platform for Agentic Automation, which orchestrates AI agents, robots, and humans into a unified intelligent system.

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