<p><strong>UiPath</strong>(PATH 1.14%) 最终给市场带来了令人兴奋的消息。在公司公布了一系列与 <strong>Nvidia</strong>、<strong>Alphabet</strong>、<strong>Snowflake</strong> 和 OpenAI 的新合作后，股价上涨。对于一个经历了多年转型的企业来说，这无疑是个好消息，因为这表明公司准备在企业如何实际使用人工智能（AI）方面发挥核心作用。</p>
<h2>开辟新路径</h2>
<p>UiPath 不再仅仅是一个使用软件机器人来自动化规则性任务（如数据录入）的机器人流程自动化（RPA）公司。相反，它正在转向代理自动化，其 AI 代理编排平台可以协调人类、机器人和不同 AI 代理之间的协作。这些新合作关系旨在将这一愿景推向现实世界。</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzU4MjAvZ2V0dHlpbWFnZXMtMTQ4OTk3MTM0NC5qcGcmdz03MDA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzU4MjAvZ2V0dHlpbWFnZXMtMTQ4OTk3MTM0NC5qcGcmdz03MDA"/></p>
<p>图片来源：Getty Images</p>
<p>与 Nvidia 的合作专注于错误容忍度极低的行业。UiPath 将利用 Nvidia 的 Nemotron 模型和 NIM 微服务来驱动可以在医疗保健和欺诈检测等受监管环境中本地运行的代理，这些环境中数据不能离开安全系统。同时，它将把 Alphabet 的 Gemini 模型引入其平台，以便人们可以通过语音命令使用自动化。</p>
<p>此外，通过与 Snowflake 的联手，它将把 Snowflake 的 Cortex AI 连接到其编排平台，以帮助客户实时根据数据洞察采取行动。最后，与 OpenAI 的合作增加了一个 ChatGPT 连接器，使客户能够将先进的大型语言模型（LLMs）直接融入其工作流程，而无需从头开始重建一切。</p>
<p>当你将这些举措放在一起看时，UiPath 正试图将自己定位为企业 AI 代理的瑞士：与所有人集成，让客户选择他们想要的任何模型，而不必锁定在单一供应商。这一提议引起共鸣，因为公司对供应商锁定持谨慎态度，拥有一个能够处理所有这些 AI 代理的编排平台可能成为一个宝贵的优势。与 Snowflake 的合作看起来尤其引人注目，因为这种组合应该能够提供一种替代 <strong>Palantir</strong> 的方法，利用客户已经存储在 Snowflake 服务器中的数据，提供类似的数据驱动自动化和现实世界洞察。</p>
<p>与此同时，即使在宣布这些合作关系之前，UiPath 已经看到其转型开始显现早期迹象。</p>
<p>在最近一个季度，公司年经常性收入（ARR）增长了 11%，达到 17.2 亿美元，超出预期的高端。云 ARR 增长了 25%，突破了 10 亿美元大关，证明向云的迁移正在顺利进行。净收入留存率在经历了几个季度的下滑后稳定在 108%，这很重要，因为这表明现有客户仍在增加支出。其公共部门业务在年初曾被冻结，现在开始恢复，调整后的营业利润率跃升至 17%，因为公司过去的成本削减和重组努力开始在数字中显现。</p>
<h2>这只股票值得买吗？</h2>
<p>虽然 UiPath 仍有很多需要证明的地方，但还有其他令人鼓舞的迹象。创始人 Daniel Dines 回归担任 CEO 为公司提供了更稳定的领导和更清晰的代理自动化愿景。目前已有超过 450 家客户在其平台上构建 AI 代理，95% 的新客户也在采用其核心自动化产品，这表明新的 AI 工具是在补充而非取代其传统产品。</p>
<p>以大约 4.1 倍预期 2026 年收入的前瞻性市销率（P/S）交易，这只股票的估值对于一个基本面改善的企业来说并不昂贵。如果这些合作关系能够进一步帮助加速增长，UiPath 的股票可能会有很大的上涨空间。</p>
<p>不过，这并不是一个低风险的故事，未来可能会遇到一些波折。然而，对于那些愿意押注于看起来正在走上正轨并且有一些强大合作伙伴的公司，股票看起来是一个有趣的买入机会。</p>

SNOW

英伟达

OpenAI

PATH

<p>UiPath 的股票在与 Nvidia、Alphabet、Snowflake 和 OpenAI 的新合作后大幅上涨，标志着从机器人流程自动化向智能自动化的转变。这些合作旨在增强企业运营中的人工智能集成，特别是在医疗保健和数据洞察方面取得了显著进展。UiPath 报告称年度经常性收入增长了 11%，云端经常性收入增长了 25%，显示出成功的转型。以 4.1 的前瞻市销率来看，该股票似乎被低估，尽管存在固有风险，但仍然是投资者的一个有吸引力的选择</p>

<p><strong>UiPath</strong>(PATH 1.14%) finally gave the market something to get excited about. The stock popped after the company laid out a series of new collaborations with <strong>Nvidia</strong>, <strong>Alphabet</strong>, <strong>Snowflake</strong>, and OpenAI. For a business that has been slogging through a multiyear turnaround, this was great news, as it shows a company ready to play a central role in how enterprises actually use artificial intelligence (AI).</p>
<div class="lb-trans"><p><strong>UiPath</strong>(PATH 1.14%) 最终给市场带来了令人兴奋的消息。在公司公布了一系列与 <strong>Nvidia</strong>、<strong>Alphabet</strong>、<strong>Snowflake</strong> 和 OpenAI 的新合作后，股价上涨。对于一个经历了多年转型的企业来说，这无疑是个好消息，因为这表明公司准备在企业如何实际使用人工智能（AI）方面发挥核心作用。</p>
</div><h2>Going down a new path</h2>
<div class="lb-trans"><h2>开辟新路径</h2>
</div><p>UiPath is no longer trying to be just a robotic process automation (RPA) company that uses software bots to automate rule-based tasks such as data entry. Instead, it is shifting to agentic automation, where its AI agent orchestration platform can coordinate how humans, bots, and different AI agents all work together. These new partnerships are about pushing that vision into the real world.</p>
<div class="lb-trans"><p>UiPath 不再仅仅是一个使用软件机器人来自动化规则性任务（如数据录入）的机器人流程自动化（RPA）公司。相反，它正在转向代理自动化，其 AI 代理编排平台可以协调人类、机器人和不同 AI 代理之间的协作。这些新合作关系旨在将这一愿景推向现实世界。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzU4MjAvZ2V0dHlpbWFnZXMtMTQ4OTk3MTM0NC5qcGcmdz03MDA" alt="" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F835820%2Fgettyimages-1489971344.jpg&amp;op=resize&amp;w=700"/></p>
<p>Image source: Getty Images</p>
<div class="lb-trans"><p>图片来源：Getty Images</p>
</div><p>The deal with Nvidia focuses on industries that have little room for error. UiPath will use Nvidia's Nemotron models and NIM microservices to power agents that can run on-premises in regulated environments like healthcare and fraud detection, where data can't leave secure systems. Meanwhile, it will bring Alphabet's Gemini models into its platform, so people can use automation with voice commands.</p>
<div class="lb-trans"><p>与 Nvidia 的合作专注于错误容忍度极低的行业。UiPath 将利用 Nvidia 的 Nemotron 模型和 NIM 微服务来驱动可以在医疗保健和欺诈检测等受监管环境中本地运行的代理，这些环境中数据不能离开安全系统。同时，它将把 Alphabet 的 Gemini 模型引入其平台，以便人们可以通过语音命令使用自动化。</p>
</div><p>In addition, by linking up with Snowflake, it will tie Snowflake's Cortex AI to its orchestration platform to help customers act on data insights in real time. And finally, its OpenAI partnership adds a ChatGPT connector that lets customers weave advanced large language models (LLMs) right into their workflows without rebuilding everything from scratch.</p>
<div class="lb-trans"><p>此外，通过与 Snowflake 的联手，它将把 Snowflake 的 Cortex AI 连接到其编排平台，以帮助客户实时根据数据洞察采取行动。最后，与 OpenAI 的合作增加了一个 ChatGPT 连接器，使客户能够将先进的大型语言模型（LLMs）直接融入其工作流程，而无需从头开始重建一切。</p>
</div><p>When you look at these moves together, UiPath is trying to position itself as the Switzerland of enterprise AI agents: integrating with everyone and letting customers pick whichever models they want without locking themselves into a single vendor. That pitch resonates because companies are wary of vendor lock-in, and having one orchestration platform that can handle all these AI agents could become a valuable advantage. The collaboration with Snowflake looks particularly compelling because the combination should be able to offer an alternative approach to <strong>Palantir</strong> that can deliver similar data-driven automation and real-world insights using a customer's data that is already warehoused inside Snowflake servers.</p>
<div class="lb-trans"><p>当你将这些举措放在一起看时，UiPath 正试图将自己定位为企业 AI 代理的瑞士：与所有人集成，让客户选择他们想要的任何模型，而不必锁定在单一供应商。这一提议引起共鸣，因为公司对供应商锁定持谨慎态度，拥有一个能够处理所有这些 AI 代理的编排平台可能成为一个宝贵的优势。与 Snowflake 的合作看起来尤其引人注目，因为这种组合应该能够提供一种替代 <strong>Palantir</strong> 的方法，利用客户已经存储在 Snowflake 服务器中的数据，提供类似的数据驱动自动化和现实世界洞察。</p>
</div><p>Meanwhile, even before announcing these partnerships, UiPath was already seeing early signs that its turnaround was starting to take hold.</p>
<div class="lb-trans"><p>与此同时，即使在宣布这些合作关系之前，UiPath 已经看到其转型开始显现早期迹象。</p>
</div><p>In its most recent quarter, the company's annual recurring revenue (ARR) climbed 11% to $1.72 billion, beating the high end of guidance. Cloud ARR jumped 25% to cross the $1 billion mark, proving that the migration to the cloud is moving along. Net revenue retention stabilized at 108% after several quarters of slippage, which is important because it suggests existing customers are still spending more. Its public sector business, which had been frozen earlier in the year, is starting to come back, and adjusted operating margins jumped to 17% as the company's past cost cuts and restructuring efforts began to show up in its numbers.</p>
<div class="lb-trans"><p>在最近一个季度，公司年经常性收入（ARR）增长了 11%，达到 17.2 亿美元，超出预期的高端。云 ARR 增长了 25%，突破了 10 亿美元大关，证明向云的迁移正在顺利进行。净收入留存率在经历了几个季度的下滑后稳定在 108%，这很重要，因为这表明现有客户仍在增加支出。其公共部门业务在年初曾被冻结，现在开始恢复，调整后的营业利润率跃升至 17%，因为公司过去的成本削减和重组努力开始在数字中显现。</p>
</div><h2>Is the stock a buy?</h2>
<div class="lb-trans"><h2>这只股票值得买吗？</h2>
</div><p>While UiPath still has plenty to prove, there are other encouraging signs. The return of founder Daniel Dines as CEO has given the company a steadier hand and clearer focus on its agentic automation vision. More than 450 customers are already building AI agents on its platform, and 95% of new customers are adopting its core automation products too, suggesting the new AI tools are complementing rather than replacing its traditional offerings.</p>
<div class="lb-trans"><p>虽然 UiPath 仍有很多需要证明的地方，但还有其他令人鼓舞的迹象。创始人 Daniel Dines 回归担任 CEO 为公司提供了更稳定的领导和更清晰的代理自动化愿景。目前已有超过 450 家客户在其平台上构建 AI 代理，95% 的新客户也在采用其核心自动化产品，这表明新的 AI 工具是在补充而非取代其传统产品。</p>
</div><p>Trading at a forward price-to-sales (P/S) ratio of roughly 4.1 times expected 2026 revenue, the stock's valuation is inexpensive for a business with improving fundamentals. If these partnerships can further help accelerate growth, UiPath's stock could have plenty of upside ahead.</p>
<div class="lb-trans"><p>以大约 4.1 倍预期 2026 年收入的前瞻性市销率（P/S）交易，这只股票的估值对于一个基本面改善的企业来说并不昂贵。如果这些合作关系能够进一步帮助加速增长，UiPath 的股票可能会有很大的上涨空间。</p>
</div><p>That said, this is not a low-risk story, and there will likely be bumps along the way. However, for investors willing to bet on a company that looks like it is getting its act together and has some powerful partners lined up, the stock looks like an interesting buy.</p>
<div class="lb-trans"><p>不过，这并不是一个低风险的故事，未来可能会遇到一些波折。然而，对于那些愿意押注于看起来正在走上正轨并且有一些强大合作伙伴的公司，股票看起来是一个有趣的买入机会。</p>
</div>

UiPath Stock Jumps on Collaboration With Nvidia and Others. Is It Time to Buy the Stock?

- UiPath 与 Nvidia、Alphabet、Snowflake 和 OpenAI 建立新合作关系。  
- 该公司转向代理自动化，提升 AI 代理协调能力。  
- 年度经常性收入增长 11%，云收入增长 25%，显示出复苏迹象。  

UiPath 的股票因与 NVIDIA 及其他公司的合作而上涨。现在是购买这只股票的好时机吗？