C3.AI Stock Soars After OpenAI Dilemma
The technology industry was thrown into turmoil over the weekend after OpenAI fired CEO Sam Altman and staff threatened to quit. At the end of the day, Altman announced he would be joining Microsoft and most of OpenAI's staff has threatened to quit.
One of the beneficiaries today is C3.ai (AI 1.11%), which has seen its stock rise as much as 8.2%. Shares are up 7.3% as of 12:40 p.m. ET.
C3.ai Captures the AI imagination
The stock performance of C3.ai has been driven more by artificial intelligence hype than anything else this year. The revenue is up just 3% in the past year and the company is losing money, but that hasn't mattered because the stock is up 58.3%.
Price Momentum
AI is trading in the middle of its 52-week range and above its 200-day simple moving average.
What does this mean?
Investors are still evaluating the share price, but the stock still appears to have some upward momentum. This is a positive sign for the stock's future value.
One of the beneficiaries today is C3.ai (AI 1.11%), which has seen its stock rise as much as 8.2%. Shares are up 7.3% as of 12:40 p.m. ET.
C3.ai Captures the AI imagination
The stock performance of C3.ai has been driven more by artificial intelligence hype than anything else this year. The revenue is up just 3% in the past year and the company is losing money, but that hasn't mattered because the stock is up 58.3%.
Price Momentum
AI is trading in the middle of its 52-week range and above its 200-day simple moving average.
What does this mean?
Investors are still evaluating the share price, but the stock still appears to have some upward momentum. This is a positive sign for the stock's future value.
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