Shares of artificial intelligence software maker C3.ai (NYSE: AI) rallied 6% on Friday on a great day for AI stocks.
The software company reports earnings next week, and investors may be buying ahead of that event. After all, today saw not one but several bullish data points and commentary around AI stocks, both on the hardware and software side.
Interest rates also continued falling today, which tend to benefit low- or no-profit growth stocks. So it's no wonder that C3.ai soared to end the week.
Source Fool.com