Core Viewpoint - Investors are potentially overreacting to the news of the strategic alliance between C3.ai and Microsoft, as the relationship is not new and lacks concrete financial projections [1][4][5]. Group 1: Strategic Alliance Details - C3.ai and Microsoft are collaborating to enhance AI solutions for enterprise customers, with Microsoft integrating C3.ai's software into its Commercial Cloud Portal [2]. - Microsoft will become the preferred cloud provider for C3.ai offerings, while C3.ai will be a preferred AI application software provider on Microsoft Azure [3]. Group 2: Financial Context - C3.ai has a market capitalization of $3.8 billion, while Microsoft exceeds $3 trillion, indicating a significant disparity in size and influence [3]. - Despite the existing alliance over the past six years, C3.ai reported a loss of $280 million last year and is expected to continue losing money in the foreseeable future [5].

C3.ai (AI) shares have lost 11.6% in the past year against the Zacks Computers - IT Services  industry’s rise of 26.3% and the broader Zacks Computer & Technology sector’s return of 36.7%.The underperformance can be attributed to stiff competition in the enterprise AI sector and C3.ai’s higher investment plan to gain market share. This is expected to keep margins under pressure in the near term.Despite these headwinds, C3.ai’s expanding client base and the growing adoption of its Enterprise AI software offe ...

Core Insights - Atrium Mortgage Investment Corporation reported strong third-quarter earnings, with basic and diluted earnings per share of $0.26, an increase from $0.25 in the prior year [3][7] - The company announced a 3.3% increase in the annual dividend rate from $0.90 to $0.93 per common share, effective December 2024 [3] - Atrium's mortgage portfolio reached a record $926.3 million, with 97.3% in first mortgages and an average loan-to-value ratio of 64.1% [3][8] Financial Performance - For Q3 2024, Atrium reported net income of $11.6 million, up from $11.0 million in the prior year, while revenues decreased by 3.5% to $24.5 million [5][6] - Year-to-date earnings per share were $0.79, representing a decline from $0.91 in the same period last year [7] - The allowance for mortgage losses increased to $29.9 million, or 3.23% of the gross mortgage portfolio, compared to $22.6 million or 2.53% at the end of 2023 [5] Mortgage Portfolio Analysis - The mortgage portfolio consists of 287 mortgages, with 83.9% in residential properties and 16.1% in commercial properties [11] - The Greater Toronto Area accounts for 79.2% of the outstanding mortgage amount, with a weighted average interest rate of 10.62% [12] - The company has maintained a conservative approach, with 90.3% of the portfolio having a loan-to-value ratio of less than 75% [3][10] Future Outlook - Atrium expects a significant reduction in Stage 2 and 3 loans as a percentage of the total portfolio by year-end, based on recent repayments and market stabilization [3] - The company completed a common share offering that raised $28.8 million to support growth and liquidity, indicating strong investor demand [3]

In the artificial intelligence (AI) sector, we have Nvidia (NVDA) earnings due out next week, and an update from OpenAI, as its official "blueprint for U.S. AI infrastructure" will be presented in Washington D.C. today. In the meantime, we're checking in with two more AI stocks making waves.Nvidia-backed stock Soundhound AI Inc (NASDAQ:SOUN) is down 15% at $6.42 at last glance, despite better-than-expected third-quarter results and a hiked forecast. The stock staged a massive rally since the start of the mo ...

Group 1 - C3.ai, Inc. (AI) ended the latest trading session at $27.79, reflecting a -1.42% change from the previous close, underperforming compared to the S&P 500's daily loss of 0.29% [1] - Over the past month, C3.ai's shares gained 2.21%, which is lower than the Computer and Technology sector's gain of 3.2% and the S&P 500's gain of 3.3% [1] Group 2 - C3.ai is scheduled to release its earnings on December 9, 2024, with projected EPS of -$0.16, indicating a 23.08% decline from the same quarter last year, while revenue is expected to be $91.01 million, a 24.28% increase year-over-year [2] - For the annual period, the Zacks Consensus Estimates predict an EPS of -$0.53 and revenue of $383.04 million, representing changes of -12.77% and +27.86% respectively from the previous year [3] Group 3 - Recent shifts in analyst projections for C3.ai are important for investors, as positive revisions indicate analysts' confidence in the company's performance and profit potential [4] - The Zacks Rank system, which incorporates estimate changes, currently ranks C3.ai at 2 (Buy), with a 0.12% increase in the consensus EPS estimate over the last 30 days [6] Group 4 - The Computers - IT Services industry, which includes C3.ai, is part of the Computer and Technology sector and currently holds a Zacks Industry Rank of 38, placing it in the top 16% of over 250 industries [7]

Core Viewpoint - C3.ai's revenue growth has not been sufficient to convince investors of its stock's value, with share prices down 13% this year despite rising demand for AI solutions [2][9]. Financial Performance - C3.ai generated $325 million in sales over the past 12 months but incurred losses totaling $278 million, indicating a significant lack of profitability [4]. - The company has experienced a concerning trend where both revenue and losses have increased, contrary to investor expectations for a shrinking gap between net loss and revenue [5][6]. - C3.ai has burned through $58 million from its operations over the past four quarters, leading to a continuous rise in share count and potential future dilution if financials do not improve [8]. Investment Considerations - Despite a modest valuation of $3 billion, the company's growth does not inspire confidence in its ability to achieve profitability in the near future, making it a risky investment [9]. - Generating revenue without a path to profitability is unlikely to sustain investor interest long-term, suggesting that there are better investment options in the AI sector [10].

Investors saw positives for C3.ai in Palantir's earnings report.Shares of C3.ai (AI 7.08%), the enterprise artificial intelligence (AI) company, were moving higher today, even though there was no company-specific news. Instead, the company seemed to be benefiting from a strong earnings report from AI software peer Palantir (PLTR 23.18%), which posted yet another quarter of accelerating revenue growth, showing a market for AI-related software.As of 12:52 p.m. ET, Palantir stock was up 22.7%, while C3.ai was ...

Group 1 - Atrium Mortgage Investment Corporation declared a dividend of $0.075 per common share for November 2024, payable on December 12, 2024, to shareholders of record on November 29, 2024 [1] - The company currently pays monthly dividends at an annual rate of $0.90 per share, with a potential special dividend at year-end if declared dividends are less than taxable income for the fiscal year [2] - Atrium will release its financial results for Q3 2024 on November 13, 2024, and will hold a conference call on November 14, 2024, to discuss these results [3] Group 2 - Atrium offers a Dividend Reinvestment Plan (DRIP) that allows shareholders to reinvest dividends in new shares at a 2% discount from market price, facilitating compound growth of their investment [4] - Atrium is classified as a Mortgage Investment Corporation (MIC) under the Canada Income Tax Act, allowing it to avoid taxation on income as long as taxable income is distributed to shareholders as dividends within 90 days after year-end [6] - The company focuses on providing stable and secure dividends while preserving shareholders' equity by lending within conservative risk parameters in major urban centers in Canada [5]

Voters in the United States go to the polls on Nov. 5 to elect their next president. The question now looms whether America will get its first woman president or a second Donald Trump term? As of now, Kamala Harris (47.9%) has had a small lead by about one percentage point over Trump (46.8%) in the national polling averages since the former entered the race at the end of July, per 538/ABC News updated on Oct. 31, 2024, as quoted on BBC.The all-important tech industry is closely monitoring this election. Acc ...

Toronto, Ontario--(Newsfile Corp. - October 25, 2024) - Atrium Mortgage Investment Corporation (TSX: AI) (TSX:AI.DB.D) (TSX:AI.DB.E) (TSX:AI.DB.F) and (TSX:AI.DB.G) ("Atrium") is pleased to report that the underwriters of its previously completed public offering of common shares exercised, in full, their overallotment option, resulting in the issue of an additional 327,750 shares at a price of $11.45 per share. The exercise of the over-allotment option brings the total gross proceeds of the public offering ...