Update: C3 AI Shares Soar Following Partnership With Microsoft

MT Newswires Live11-20 01:31

(Updates to add stock move in the headline and the first paragraph.)

C3 AI (AI) shares surged past 22% in recent Tuesday trading after the company and Microsoft (MSFT) disclosed their alliance for the adoption of Enterprise AI on Microsoft Azure.

Financial terms weren't disclosed.

Under the terms, C3 AI's C3 Generative AI will be available on Microsoft Commercial Cloud Portal, while all C3 AI Enterprise artificial intelligence services will be rolled out throughout Azure sales channels for joint clients, the companies added.

Clients will be able to also order C3 AI Enterprise AI applications on the Azure Marketplace, the parties said.

Price: 32.42, Change: +5.88, Percent Change: +22.16

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment