UiPath Stock Price Sinks 9% as AI Disruption Fears Slam Software Sector Again
UiPath shares fell 8.7% to $11.07 in late trading Tuesday amid a broader tech selloff, despite reporting its first full year of profit and a $500 million buyback. The company forecast slower revenue growth for fiscal 2027, fueling investor concerns as competition from newer AI agents intensifies. The iShares Expanded Tech-Software Sector ETF dropped 4.2%, with HubSpot, Atlassian, and Salesforce also posting steep declines.