Kennametal Inc. shares rise 1.51% intraday after Autodesk's strategic investment in AI-focused start-up Toolpath.

Kennametal Inc. rose 1.51% in intraday trading, with Autodesk's strategic investment in Toolpath, an AI-focused start-up dedicated to revolutionizing manufacturing solutions, potentially benefiting Kennametal Inc. as a manufacturer. Autodesk's investment in Toolpath aims to address industry challenges such as rising inflation costs, labor shortages, and increasing demand for high-quality products, which aligns with the positive movement of Kennametal Inc.'s stock.