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Why C3.ai Stock Gained 14% in February

TheMotleyFool

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Why C3.ai Stock Gained 14% in February: https://g.foolcdn.com/editorial/images/723658/artificial-intelligence-investing-algorithms_nelHAzC.jpg

Shares of C3.ai (NYSE: AI) finished February up 14% in volatile trading, according to data from S&P Global Market Intelligence.

The software-as-a-service stock that focuses on artificial intelligence (AI) benefited from the increasing attention around AI after Microsoft announced its own ChatGPT-powered Bing search engine and Alphabet revealed its own ChatGPT competitor, Bard AI.

As one of the few pure-play AI stocks, C3.ai got a boost from the hype around AI, though investors also seemed to question the stock's valuation as shares pulled back after the spike on the Microsoft news.

Source Fool.com

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