Why Is UiPath Stock Skyrocketing Today?
Shares of UiPath (NYSE: PATH) are soaring on Wednesday, up 19.3% as of 3:45 p.m. ET. The jump comes as the S 500 and the Nasdaq Composite lost 0.4% and 0.2%, respectively.
The software and automation company's stock is getting a lift from buzz surrounding Agentic artificial intelligence (AI) just a week after announcing new partnerships with some heavy hitters in AI like OpenAI.
Amazon launched its Amazon Quick Suite through its Amazon Web Services (AWS), which it says is the "agentic AI application reshaping how work gets done." The platform brings together a host of automation and agentic AI tools, making them easier to use. The news helped boost positive sentiment around agentic AI, a core focus of UiPath, lifting the company's shares.
Source Fool.com
