UiPath Rallies 9% as the Software Bid Broadens Beyond the Earnings Winners, Pegasystems Gains 4%

Following software’s post-earnings strength, UiPath shares are up 9% to $18.20 and Pegasystems are up 4% to $35.29 in Thursday morning trading. The bid is broadening beyond the specific companies that reported earnings, suggesting improving sentiment toward the software space. While the moves are notable, the article points to stock-specific reaction rather than a market-wide macro shock.