Two Tech Stocks Poised to Dominate the Agentic AI Market

The artificial intelligence landscape is undergoing a fundamental shift in 2026 as enterprises move beyond experimental AI projects into large-scale deployment. Central to this transition is agentic AI—a technology that enables AI systems to interpret user requests and autonomously execute complex workflows without human intervention. This emerging sector is attracting significant capital and strategic focus, with Grand View Research projecting the global enterprise agentic AI market will expand from $2.6 billion in 2024 to exceed $24 billion by 2030. For investors seeking exposure to this opportunity, certain stocks are uniquely positioned to capture this growth trajectory.

UiPath: From Loss-Making to Profitable Growth Engine

UiPath (NYSE: PATH) operates at the application layer of the agentic AI ecosystem, providing the orchestration platform that enterprises use to design and deploy intelligent agents. The company’s Maestro platform has become a standard tool across hundreds of organizations, establishing its leadership position in a nascent but rapidly expanding market.

What makes UiPath particularly compelling for investors right now is a critical inflection point in its financial performance. After years of reporting consecutive quarterly losses, the company achieved operating profitability in Q3—reporting $13 million in operating profit compared to a $43 million loss in the year-prior quarter. This pivot toward profitability represents more than just accounting significance; on Wall Street, unprofitable companies that achieve positive earnings often experience substantial valuation rerating that can drive significant stock appreciation.

The valuation metrics underscore the opportunity. UiPath trades at just over 5 times trailing revenue, having already declined 83% from its previous peak valuations. Meanwhile, Wall Street analysts project earnings growth at a 26% annualized rate over the next several years. For a company transitioning to profitability with strong projected growth, this pricing offers compelling risk-reward dynamics for long-term investors.

Alphabet: The Infrastructure Backbone of Agentic AI

While UiPath handles the application and orchestration layer, Alphabet (NASDAQ: GOOGL, GOOGL) controls the critical infrastructure upon which the entire agentic AI ecosystem depends—specialized chips, advanced AI models, and expansive data center networks. This structural advantage provides Alphabet with multiple profit pools within the agentic AI opportunity.

Google’s Gemini model stands as one of the most pervasively adopted AI systems globally, with over 650 million monthly active users. The model is processing data at an extraordinary scale, handling more than 7 billion tokens per minute across third-party applications. As agentic AI adoption accelerates, Gemini is positioned as a core inference engine powering these intelligent agents, creating network effects that strengthen Alphabet’s competitive moat.

Alphabet is actively deploying agentic AI experiences across strategic verticals including travel, commerce, and business services. These applications drive multiple revenue channels: they increase engagement with Google Search, generate incremental advertising inventory, and expand the addressable market for Google Cloud services. Speaking to the cloud opportunity, Google Cloud revenue grew 34% year-over-year in Q3, reflecting strong enterprise adoption momentum.

The company maintains profitable core business divisions (Search advertising and YouTube) generating reliable cash flows while simultaneously capturing explosive growth in cloud infrastructure. This combination makes Alphabet a relatively defensive play within the agentic AI market. Even following recent appreciation, Alphabet trades at 30 times 2026 projected earnings—a reasonable valuation for a company demonstrating consistent double-digit growth in both top-line and bottom-line metrics.

The Investment Case for These Technology Stocks

The strategic positioning of UiPath and Alphabet creates a compelling investment narrative. UiPath provides the tools enabling enterprise transformation, while Alphabet furnishes the underlying computational power and models making that transformation possible. Together, these stocks represent the two most critical layers of the agentic AI stack, positioned to capture the majority of economic value as the market expands toward $24 billion.

For investors evaluating these stocks, the timing aligns with a critical inflection point: enterprises are transitioning from pilots to production deployments, suggesting the most significant revenue acceleration lies ahead. Historical precedent—from Netflix’s 1,100x return since 2004 to Nvidia’s 2,450x appreciation since 2005—demonstrates how stocks positioned at inflection points in transformative technology cycles can generate extraordinary long-term returns. While past performance offers no guarantee, these two stocks merit serious consideration for investors seeking exposure to the agentic AI revolution.