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UiPath stock sinks despite reporting its first-ever profit in Q4. A new buyback plan is failing to support PATH share price as well. Here's why the price action on Thursday does make sense.
UiPath reported top- and bottom-line gains in the fiscal fourth quarter, but its stock declined after the company guided for a slowdown in full-year revenue growth.
UiPath stock has tumbled as optimism around its automation software has been overtaken by concern about artificial intelligence.