|Bid||0.00 x 900|
|Ask||0.00 x 1300|
|Day's range||24.12 - 25.83|
|52-week range||10.16 - 30.92|
|Beta (5Y monthly)||1.40|
|PE ratio (TTM)||N/A|
|Earnings date||30 May 2023 - 05 Jun 2023|
|Forward dividend & yield||N/A (N/A)|
|1y target est||20.33|
REDWOOD CITY, Calif., March 28, 2023--C3 AI (NYSE: AI), the Enterprise AI application software company, has been recognized as one of the Fastest Growing Companies of 2023 by The Financial Times. This marks the third consecutive year on this prestigious list for C3 AI.
Microsoft (NASDAQ: MSFT) and C3.ai (NYSE: AI) could both profit from the burgeoning market for "generative" AI services, which process existing data into fresh ideas. Microsoft is the top investor in OpenAI, the startup that created ChatGPT, and it's already integrated those tools into its Bing search engine and Azure cloud services. The market's growing interest in generative AI caused C3's stock to more than double to about $25 this year.
The catalyst for the provider of enterprise artificial intelligence (AI) software were comments by an industry leader about the growing excitement for AI tools, specifically generative AI. At Nvidia's (NASDAQ: NVDA) GPU Technology Conference this week, CEO Jensen Huang said that AI had reached an inflection point with recent developments that made the technology both easy to use and easily accessible. "We're seeing an acceleration of demand for inference because of generative AI," Huang said.