C3.ai Stock Surges Nearly 16% In Wednesday Pre-Market: What's Going On? - C3.ai (NYSE:AI)

Group 1 - C3.ai Inc. stock surged 15.87% in pre-market trading due to reports of a potential merger with Automation Anywhere [1] - Automation Anywhere, valued at $6.8 billion in 2019, is in discussions to acquire C3.ai and take it public [2] - The potential merger follows the resignation of C3.ai's founder and CEO, Thomas Siebel, who had been exploring various options including a sale [3] Group 2 - C3.ai reported a smaller-than-expected quarterly loss of $0.25 per share and revenue of $75.15 million, driven by strong performance in its federal business [4] - The management anticipates that the federal business will continue to be a key growth driver due to increased adoption of commercial solutions and AI [5] - Over the past year, C3.ai's stock has declined by 61.82%, closing at $12.60 on Tuesday [6]