C3.ai Shares Up 14% in a Month: What's Next for AI Investors?
C3.ai(AI) ZACKS·2024-06-27 04:00
C3.ai (AI) shares have returned 14% in the past month, outperforming the Zacks IT Services industry’s decline of 4.1% and the broader Zacks Computer and Technology sector’s gain of 4.1%.C3.ai is benefiting from an expanding clientele and growing adoption of its Enterprise AI software. In fiscal 2024, 88% of bookings were driven by AI application sales and 12% were driven by the C3 AI platform.It is riding on an increasing booking diversity. Federal, Defense and Aerospace, Oil and Gas, State and Local Govern ...