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Technology Stocks : C3ai

AI 17.58

+3.2%

Oct 31 9:30 AM EDT

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From: Julius Wong	2/6/2023 9:19:51 PM
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C3.ai jumps as investors continue to pour into AI stocks Feb. 06, 2023 2:27 PM ET C3.ai, Inc. (AI) GOOG, GOOGL, BBAI, SOUN By: Chris Ciaccia, SA News Editor 52 Comments Igor Kutyaev/iStock via Getty Images C3.ai (NYSE: AI) shares gained more than 6% on Monday as investors continued to move into artificial intelligence stocks. Also seeing gains on Monday were SoundHound AI ( SOUN), which surged more than 42%, and BigBear.ai ( BBAI), up by more than 17% after trading ended. On Friday, investment firm D.A. Davidson & Co. started coverage on C3.ai ( AI) with a buy rating and called it a "truly scarce asset." Analyst Gil Luria also set a $30-a-share price target on C3.ai's ( AI) stock and noted that the emergence of generative artificial intelligence as a "killer app" for AI is giving the company the opportunity to monetize its investments in the space. Google ( GOOG) ( GOOGL) is slated to host an artificial intelligence-focused event later this week about "using the power of AI." C3.ai ( AI) recently announced a new artificial intelligence focused product suite known as C3 Generative AI Product Suite that integrates other AI systems, including Open AI's ChatGPT.

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