Why Artificial Intelligence (AI) Stock C3.ai Crushed the Market Today
As if they needed it given their recent popularity, a clutch of stocks associated with artificial intelligence (AI) got a boost on Monday. One of the more high-profile companies in the sphere, C3.ai (NYSE: AI), increased by just over 4% in value, a rate that well exceeded the S&P 500's 0.4% gain. An encouraging media report about the boom in popularity of AI "agents" helped provide the lifts for C3.ai and its peers.
That morning, Reuters published a story highlighting the dramatic rise in demand for AI solutions to help power digital "helpers."
Companies are entranced by the idea of saving capital by adopting such solutions to handle relatively straightforward tasks required for their businesses. The news agency pointed out that experimental AI systems that power such functionalities are attracting billions of dollars in fresh investment.
Source Fool.com
