UiPath and Snowflake Shares Soar After Expanded Partnerships
UiPath and Snowflake's shares surged on Wednesday after the companies announced expanded partnerships. UiPath (NYSE:PATH) stock jumped 5% to $12.90, while Snowflake (NYSE:SNOW) shares advanced 5% to $347.38.
The announcements centered around agentic AI solutions for audit and compliance functions. UiPath and BDO USA expanded their partnership to build agentic solution accelerators focused on continuous monitoring and testing.
UiPath also integrated its automation platform with Snowflake's governed data environment, allowing customers to bring Snowflake data into UiPath automations while triggering those automations directly from Snowflake.
Salesforce (NYSE:CRM) stock posted a solid gain, moving up 3% to $232.68. The company provides customer-relationship management software and a broad cloud platform that includes analytics, commerce, and AI capabilities.