Shares of UiPath Inc. (NYSE:PATH) surged 8.36% on Monday, outperforming the broader market, as investors grew optimistic about the company's ability to leverage generative AI technology within its robotic process automation (RPA) platform.

The rally came amid concerns that the emergence of generative AI could disrupt UiPath's core RPA business. However, some analysts believe UiPath is well-positioned to integrate advanced AI capabilities into its platform, potentially expanding its addressable market and enhancing its offerings.

While competition from larger software players like ServiceNow and Salesforce remains a threat, UiPath's focus on enterprise automation and its existing customer base could provide a runway for growth as it embraces cutting-edge AI technologies. The company's ability to adapt and innovate will be crucial in determining its long-term success in a rapidly evolving market.