C3.ai, an artificial intelligence (AI) company, has seen a surge of more than 20% in its stock price ahead of its upcoming earnings report. This is due to its integration with Amazon and Alphabet’s cloud divisions, which are providing investors with a key near-term driver. C3.ai is widely considered a pure play on the AI space, therefore, its recent boom makes sense. This AI boom has lifted the entire sector, which can make some investors nervous. Despite this, AI stocks continue to be popular options for investors seeking ways to play this trend. However, whether C3.ai’s outlook matches the market’s expectations will depend on its earnings report tomorrow. Anything less than a massive guidance raise and earnings beat will likely be met with a selloff. This makes AI stock one of the more volatile options for investors presently.
C3.ai is an AI company that provides software solutions to organizations worldwide. It uses big data, operational and transactional data, and machine learning algorithms to generate actionable insights that help its customers make better decisions. The company’s main focus is on industry-specific solutions in the fields of energy, healthcare, finance, and transportation.
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