Why C3.ai Stock Was Moving Higher This Week

Shares of C3.ai (NYSE: AI) were gaining this week as a number of factors seemed to drive shares of the Enterprise AI platform higher.

Those included tailwinds after last week's better-than-expected preliminary earnings report and the conclusion of its investigation into a short-seller report. The company also launched its new generative AI product suite, and the stock got a boost after Nvidia gave blowout guidance in its earnings report on Wednesday.

As of Thursday at 3:16 p.m. ET, the stock was up 11.2% for the week, according to data provided by S&P Global Market Intelligence.

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Source Fool.com