Stock Track | UiPath Soars 5% as Software Stocks Jump on Expanding AI Applications

Stock Track

01-28

UiPath Inc. saw its shares surge 5.01% in the morning intraday trading session on Tuesday, outperforming the broader market amid an upswing in software stocks fueled by the expanding adoption of artificial intelligence (AI) applications.

The software automation company joined the rally, with major players like GitLab, AppLovin, Datadog, MongoDB, Twilio, Snowflake, and Cloudflare all posting gains ranging from 4% to 7% as investors flocked to AI-focused tech names.

Analysts attribute the surge to growing excitement surrounding the potential of AI and the role software companies will play in developing and deploying these cutting-edge technologies across various industries.

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