Shares of C3.ai, Inc. (AI) surged 6.27% in Thursday's trading session, riding the wave of a broader tech sector rally. The artificial intelligence software provider's stock climbed amid renewed optimism surrounding U.S.-China trade negotiations and strong earnings reports from key players in the technology industry.
The positive sentiment in the tech sector was fueled by encouraging financial results from companies like ServiceNow, Texas Instruments, and Lam Research. These earnings reports suggested resilient demand in key tech verticals despite macroeconomic uncertainties. The upbeat mood was further bolstered by reports of progress in trade talks between the United States and its major trading partners, including China and India.
C3.ai's stock movement outpaced some of its competitors, closing at $22.02. This marked the third consecutive day of gains for the company, although it remains significantly below its 52-week high of $45.08 reached in December. As investors continue to show interest in AI-related stocks, C3.ai's performance reflects the broader market's growing appetite for companies positioned to benefit from advancements in artificial intelligence technology.
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