What's Going On With C3.ai Stock?

C3.ai, Inc. AI shares are trading higher Monday as investors show increased interest in AI-related companies following sudden corporate shake-ups at Microsoft Corporation MSFT and OpenAI.

What To Know:

The OpenAI board of directors fired Sam Altman from his position as CEO in a surprise move Friday and by late Sunday night, it was announced that Altman is set to join Microsoft and help lead its new artificial intelligence team.

Greg Brockman, former OpenAI president who quit following Altman's removal, will also be joining the new AI division at Microsoft. OpenAI announced it has hired former Twitch CEO Emmett Shear as interim-CEO.

C3.ai is set to report its second-quarter financial results on Dec. 6 and will host a conference call to discuss the results at 5:00 p.m. ET the same day.

C3.ai shares are favorited by the retail investor community and are listed among the top trending tickers on WallStreetBets and Yahoo Finance. The stock has also grabbed the interest of short-sellers with a remarkable 39.64% of available AI shares being sold short, according to data from Benzinga Pro.

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AI Price Action: According to Benzinga Pro, C3.ai shares are up by 6.4% at $31.18 at the time of publication.

Image: Gerd Altmann from Pixabay