UiPath (PATH) Jumps 12.56% as AI Frenzy Sparks Rosy Prospects

We recently published 10 Stocks Investors Are Gobbling Up. UiPath Inc. (NYSE:PATH) is one of the top performers on Monday.

UiPath extended its rally to a second day on Monday, jumping 12.56 percent to close at $14.52 apiece, mimicking the surge in artificial intelligence stocks on growing investor optimism and a flurry of developments in the industry.

Monday also saw its share price at a 10-month high, just 71 cents shy of its 52-week price of $15.93.

Pixabay / Public Domain

Investor optimism was further supported by UiPath Inc.’s (NYSE:PATH) announcement last week that it partnered with technology giant Nvidia Corp. to support enterprise customers in fortifying their existing automated workflows with AI capabilities in high-trust scenarios, such as fraud detection or care management in healthcare.

A key aspect in the partnership was the introduction of an integration service connector that would connect UiPath Inc. (NYSE:PATH) and Nvidia’s NIM and Nemotron, enabling enterprises to seamlessly and rapidly integrate generative AI features into their applications.

Additionally, UiPath Inc. (NYSE:PATH) said it was exploring opportunities across agentic automation in areas including advancing agentic orchestration and developing differentiated agents, among others.

“Sensitive processes like fraud detection or healthcare workflows demand AI that is both powerful and trustworthy. By integrating NVIDIA NIM models directly into the UiPath Platform, customers can deploy and orchestrate their own hosted models with enterprise-grade governance. That means they can bring AI into their most critical processes with the control, transparency, and confidence they need to deliver real business impact,” said UiPath Inc. (NYSE:PATH) Chief Product Officer Graham Sheldon.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.