NEW YORK – May 29 – Shares of artificial intelligence software provider C3.ai Inc. (trading as C3.ai) experienced a dramatic and impressive surge in early market trading today, May 29th. Investors flocked to the stock, pushing its price up by a remarkable +5.93 USD, a staggering 25.76% increase, as of 9:45 AM GMT-4.
The stock was last seen trading at 28.95 USD, a significant jump from its previous close of 23.02 USD. Today’s session saw C3.ai open at 26.59 USD, and it quickly climbed, reaching an intraday high of 29.47 USD, demonstrating robust buying interest. The day’s low so far has been 26.21 USD.
This substantial rally has boosted C3.ai’s market capitalization to approximately 305.56 Crore (Note: “Cr” often denotes Crores in Indian Rupees; if this is a US-based figure, it would translate to a different value, but reported as seen).
While the P/E ratio and dividend yield are currently listed as not applicable, today’s powerful move significantly narrows the gap towards its 52-week high of 45.08 USD and propels it further away from its 52-week low of 17.03 USD.
The sharp upward trajectory evident in the day’s trading chart signals strong positive sentiment and significant investor enthusiasm for C3.ai. Market watchers will be keenly observing if this bullish momentum can be sustained throughout the trading day and into the coming sessions, as the AI sector continues to capture significant attention.
