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Why UiPath Stock Was Pulling Back Today

TheMotleyFool

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Why UiPath Stock Was Pulling Back Today: https://g.foolcdn.com/editorial/images/733983/cloud-computing-microchip-technology.jpg

On a day when AI stocks were soaring after a bullish first-quarter report from Nvidia, shares of UiPath (NYSE: PATH) were moving in the opposite direction after investors seemed disappointed with its guidance in its first-quarter earnings report.

As of 12:19 p.m. ET, the stock was down 10.7%.

UiPath, which provides cloud-based software for robotic process automation (RPA), or bots to automate workflows, said that revenue in the quarter rose 18% to $290 million, which was well ahead of the consensus at $271.1 million.

Source Fool.com

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