What's Going On With C3.ai Stock?

C3.ai, Inc. AI shares are trading higher Friday, and the stock is up more than 15% over the past five days. Here's a look at what's going on.

What To Know:

C3.ai shares have been gaining following fellow AI-solutions company, Palantir Technology, Inc.'s PLTR, strong fourth-quarter earnings release after the bell on Monday.

C3.ai announced that it will host its annual AI conference, C3 Transform 2024, from March 5 to March 7 and will focus on how generative AI is delivering productivity and efficiency benefits across industries. C3.ai says the event brings business leaders, technical experts, thought leaders, and C3.ai customers to discuss enterprise AI innovation, performance, and value.

“At its core, C3 Transform is where the vision of enterprise AI comes to life,” said C3.ai CEO Thomas M. Siebel.

“Generative AI is changing the future of business, and leaders across every sector are turning to it to improve efficiency, productivity, and workforce skills and knowledge. By bringing together experts from C3 AI and early adopters who can speak to the value of enterprise AI, C3 Transform gives attendees the chance to discover exactly how they can use generative AI securely and effectively,” said Siebel. 

C3.ai has grabbed the interest of short-sellers and retail investors alike. C3.ai stock is one of the top trending tickers on Yahoo Finance and WallStreetBets, according to data from SwaggyStocks. Remarkably, 41.01% of available shares are being sold short.

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AI Stock Price Action: According to Benzinga Pro, C3.ai shares are up nearly 8% at $28.97 at the time of publication.

Image: Gerd Altmann from Pixabay