C3.ai Stock News

Palantir Technologies (PLTR -3.72%) has seemingly become the market leader in developing and deploying artificial intelligence (AI) software in the real world. After working with government agencies in its earlier years, Palantir is thriving in the commercial sector, especially after launching its AIP platform for AI applications.

Ark Investment Management operates several exchange-traded funds (ETFs) focused on innovative technology stocks. Its founder, Cathie Wood, believes software companies are the next big opportunity in the artificial intelligence (AI) industry, predicting they could generate up to $8 in revenue for every $1 they spend on chips from suppliers like Nvidia.

The U.S. stock market has demonstrated exceptional strength in 2024, with the benchmark S&P 500 up by 26.6% as the year drew to a close. The Federal Reserve's expansionary monetary policy, rapid advancements in artificial intelligence technologies, and the increasing strength of the technology sector seem to have played pivotal roles in this growth.

C3.ai (AI) is gaining ground in Thursday's trading. The company's share price was up 4.7% as of 3:30 p.m.

Palantir Technologies (PLTR 2.09%) stock was in red-hot form in 2024 as investors showed increasing interest in this software platforms specialist thanks to strong demand for the company's artificial intelligence (AI)-focused offerings, which led to nice accelerations in its top- and bottom-line growth.

C3.ai (AI -2.42%) and UiPath (PATH -1.51%) help enterprises improve efficiency and productivity.

Artificial intelligence (AI) applications company C3.ai (AI -11.09%) sold off 11.2% through 10:50 a.m. ET this morning after KeyBanc analyst Eric Heath downgraded the stock from sector weight to underweight -- which is to say, from hold to sell.

C3.ai Inc. was downgraded to underweight by KeyBanc Capital Markets Thursday, with the analyst firm citing concerns about the enterprise software company's subscription revenue growth.