AI Stocks That Surged in May: Where Are They Now?

Three companies have experienced significant gains in the AI industry as of the end of May. C3.ai, which was originally used to measure carbon footprint, went public in December 2020 under the ticker AI. Its core product, C3 AI Suite, streamlines AI integration across business operations to automate tasks. It reached a high of $46.46 per share in May but has since decreased to under $30 per share. Microsoft has invested $1 billion in OpenAI, giving it an advantage in deploying AI software. Microsoft already has AI software, such as their Bing AI Chat, and offers services for developers to deploy AI plugins. Its current stock is at $331 per share and investors expect it to lead the AI transformation. Nvidia, known for their video cards, is now an AI hardware supplier with their Tensor Cores chip, enabling high-performance computing. It has experienced a 12,000% increase since going public with a stock price of $403 per share and relies on Taiwan Semiconductor Manufacturing Company for chip production.