Why UiPath Stock Surged (Again) This Week
Shares of UiPath (NYSE: PATH) are surging this week, following a tighter partnership with ChatGPT maker OpenAI. At 2 p.m. ET on Thursday, Oct. 9, UiPath's stock is up 40.7% since Friday's closing bell, according to data from S&P Global Market Intelligence.
Image source: Getty Images.
This week's rocket ride sort of started last week, strangely enough. The company struck several separate deals with various tech giants on Tuesday, Sept. 30. The process automation specialist is integrating its agentic AI platform with Snowflake data analytics, Google Gemini's voice interpretation models, and Azure's generative AI tools for app development. Moreover, UiPath announced a new connector to Nvidia (NASDAQ: NVDA) Nemotron agents. In short, UiPath's process automation systems got a whole lot more powerful last week, with more than a little help from various friends.
Source Fool.com
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