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Why C3.ai Stock Rallied Friday Morning

TheMotleyFool

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Why C3.ai Stock Rallied Friday Morning: https://g.foolcdn.com/editorial/images/725841/a-person-staring-at-graphs-and-charts-on-a-computer-monitor.jpg

Shares of C3.ai (NYSE: AI) rallied out of the gate Friday, climbing as much as 7.6%. At 12:32 p.m. ET today, the stock was still up 4.2%.

The catalyst for the provider of enterprise artificial intelligence (AI) software were comments by an industry leader about the growing excitement for AI tools, specifically generative AI.

At Nvidia's (NASDAQ: NVDA) GPU Technology Conference this week, CEO Jensen Huang said that AI had reached an inflection point with recent developments that made the technology both easy to use and easily accessible. "We're seeing an acceleration of demand for inference because of generative AI," Huang said.

Source Fool.com

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