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C3.ai, Inc. (AI) Increases Yet Falls Behind Market: What Investors Need to Know
Zacks Investment Research· 2024-02-22 23:45
C3.ai, Inc. (AI) closed the most recent trading day at $26.63, moving +1.72% from the previous trading session. This move lagged the S&P 500's daily gain of 2.11%. Meanwhile, the Dow gained 1.18%, and the Nasdaq, a tech-heavy index, added 2.96%.Heading into today, shares of the company had gained 2.91% over the past month, outpacing the Computer and Technology sector's gain of 1.69% and lagging the S&P 500's gain of 3.08% in that time.Analysts and investors alike will be keeping a close eye on the performan ...
The Two Best AI Stocks to Own Today
InvestorPlace· 2024-02-22 03:06
Louis Navellier’s two favorite AI stocks … but what about their price tag? … AI hardware is beating software today … why Luke Lango believes the ultimate AI hardware device is closeAccording to legendary investor Louis Navellier, two market leaders deserve consideration for your portfolio. And though investors are paying a premium to buy them at today’s prices, Louis says it’s worth it given their position as tomorrow’s AI dominators.From Louis’ latest issue of Accelerated Profits:It’s clear to me that both ...
Why Are Cybersecurity Stocks PANW, CRWD, FTNT Down Today?
InvestorPlace· 2024-02-21 15:25
A downbeat forecast from Palo Alto Networks (NASDAQ:PANW) sent the whole cybersecurity sector down. The company’s results beat estimates, but it guided toward slowing growth in earnings and revenue. In response, other cybersecurity stocks also fell heavily overnight. Zscaler (NASDAQ:ZS) fell nearly 11%.  Crowdstrike (NASDAQ:CRWD) fell 10%, and Fortinet (NASDAQ:FTNT) fell 7%. Palo Alto itself plunged nearly 25% and opened today at $275 per share, a market capitalization of $86 billion.Leading DownwardPalo Al ...
A.I. Processors for Cloud & Data Centers Forecasted to Increase to $38 Billion Dollars By 2026
Newsfilter· 2024-02-21 13:45
PALM BEACH, Fla., Feb. 21, 2024 (GLOBE NEWSWIRE) -- FN Media Group News Commentary - Experts say that the global data center infrastructure market, which has been substantially growing over the last few years is projected to continue to grow in the years to come. A report from Statista said: "As the demand for highly capable artificial intelligence (AI) data processors continues to rise, the revenue for this market is expected to grow significantly. In 2020, it was estimated that the revenue for AI processo ...
Why AI and Specialty Tech Stocks Tumbled Today
The Motley Fool· 2024-02-21 01:30
In recent times, there have been trading sessions where artificial intelligence (AI) and specialty tech stocks roared higher in price. Tuesday, however, was not one of them.On investor hedging with a leading title in tech hardware, concern spread throughout the tech sector and affected the stocks of many niche players. AI solutions developer C3.ai (AI -5.85%) took a nearly 6% hit to its price that day, while Pure Storage (PSTG -5.01%) wasn't far behind with a 5% drop. Two other prominent specialty tech comp ...
3 Top Sectors Investment Dollars Are Pouring Into Now: February 2024
InvestorPlace· 2024-02-20 20:45
Top sectors are tough to pin down in advance. Far more often, we look backward at market performance to identify trends and top sectors. Still, occasionally, early trends point to future top sectors and allow investors to jump in before a meteoric rise. For example, AI enthusiasm began bubbling up in late 2021, and smart money got in early to generate massive gains before retail traders caught on.These three top sectors are already panning out to be some of 2024’s top performers and will likely maintain the ...
C3.ai, Inc. (AI) Rises Higher Than Market: Key Facts
Zacks Investment Research· 2024-02-14 23:51
C3.ai, Inc. (AI) ended the recent trading session at $29.24, demonstrating a +1.74% swing from the preceding day's closing price. This move outpaced the S&P 500's daily gain of 0.96%. Elsewhere, the Dow saw an upswing of 0.4%, while the tech-heavy Nasdaq appreciated by 1.3%.The company's stock has climbed by 14.69% in the past month, exceeding the Computer and Technology sector's gain of 6.92% and the S&P 500's gain of 3.69%.Market participants will be closely following the financial results of C3.ai, Inc. ...
Inflation Rattles Wall Street
InvestorPlace· 2024-02-13 23:47
CPI comes in hotter than forecasted … how AI will lead to massive wealth concentration … will the future be utopian or dystopian? … leveraging AI for lifechanging portfolio returnsInflation didn’t do what Wall Street wanted this morning.The Consumer Price Index rose 0.3% in January and 3.1% year-over-year. Both readings were higher than the respective forecasts of 0.2% and 2.9%.Core CPI, the Fed’s preferred measure of CPI which strips out volatile food and energy prices, also topped expectations. It was up ...
Why Top AI Stock C3.ai Tumbled on Tuesday
The Motley Fool· 2024-02-13 23:37
One of the leading artificial intelligence (AI) stocks on the market was left far behind by investors on Tuesday. C3.ai (AI -7.83%) saw its share price crumble by almost 8% on the back of comments made by a leading executive in the AI field, as well as regulatory developments overseas. That decline was far sharper than the 1.4% drop of the bellwether S&P 500 index that day.Altman speaks, and the EU legislatesAt the World Governments Summit in Dubai, OpenAI CEO Sam Altman sounded a note of caution about the ...
AI Bubble Trouble: 3 Stocks at Risk of a Selloff This Year
InvestorPlace· 2024-02-13 22:06
The rally we’ve seen in AI stocks has been incredible to watch. Accordingly, investors who have missed this rally may be eager to get in. Fear of missing out is picking up, as investors pile into high-flying names which continue to surge even higher. However, this has led to stocks at risk of a selloff. However, Chris Montagu, a Citigroup strategist has sounded the alarm bells on how increased optimism in United States tech stocks could deepen market downturns. He noted that the investors who have expected ...