UiPath Stock Rises Sharply. What OpenAI and Nvidia Have to Do With It.

UiPath shares rose after the software company unveiled partnerships with OpenAI, Snowflake, and Nvidia. (AFP via Getty Images)

Key Points

• UiPath announces partnerships with OpenAI, Snowflake, and Nvidia to integrate advanced AI models and tools into its automation platform.
• With OpenAI, UiPath will integrate the ChatGPT maker’s most advanced artificial-intelligence models with enterprise customer workflows.
• The company also is partnering with Nvidia to serve customers in fraud detection and healthcare.

UiPath shares jumped Tuesday after the automation software company unveiled a slew of partnerships with several heavyweights in artificial intelligence.

The company said it was working with OpenAI to integrate the ChatGPT maker’s most advanced artificial-intelligence models with enterprise customer workflows. The partners will build a connector, or a tool bridging AI models with external apps and data sources, suited for OpenAI models including GPT-5.

UiPath announced a separate collaboration with Snowflake to link UiPath’s Agentic Automation platform with Snowflake’s suite of Cortex-branded AI tools. The company also said it was partnering with Nvidia to serve customers in fraud detection and healthcare.

Shares of UiPath surged 9.9% to $13.81 on Tuesday. The benchmark S&P 500 index and were flat. UiPath has risen 8% this year, lagging behind a 13% gain for the broader market.

UiPath’s partnerships with players like OpenAI and Nvidia appear to be part of a bid to dispel fears that the growth of AI will undermine its agentic automation technology.

Concerns about government spending have weighed on the stock. The company works with a range of federal agencies, from the Internal Revenue Service to the Department of Defense. Shares tumbled in March after the company conceded that spending cuts directed by the newly created Department of Government Efficiency could impact future growth.

However, macroeconomic uncertainty appeared to have abated in the most recent quarter, as the company swung to a profit and hiked its full-year revenue outlook. UiPath guided for revenue in the range of $1.571 billion to $1.576 billion, up from earlier calls for around $1.55 billion.

Write to Mackenzie Tatananni at mackenzie.tatananni@barrons.com