UiPath (PATH) surged 7.83% in pre-market trading on Wednesday after the automation software company was announced to join the S&P MidCap 400 index. The inclusion, effective before trading starts on January 2, 2026, replaces Synovus Financial, which is being acquired by Pinnacle Financial Partners.
Investors have shown growing confidence in UiPath this year, driven by its strong third-quarter earnings and its positioning as a beneficiary of the AI boom. The stock has risen 26% in 2025, with the latest boost coming from index funds expected to buy shares to track the S&P MidCap 400.