Reported 1 day ago
C3.ai saw its stock price increase by more than 25% following the release of its strong fourth-quarter results, which exceeded analysts' expectations. The company reported a revenue increase of 26% to $108.7 million and a narrower loss of $0.16 per share, driven by significant demand for its generative AI products. Additionally, C3.ai renewed and expanded its partnership with Baker Hughes, focusing on collaborative efforts to enhance operational efficiency in the oil and gas sector.
Source: YAHOO