AI Stock Soars 23% On Microsoft Partnership, But Is C3.ai A Buy Now?

Blockhead11-20 05:24

C3.ai (AI) announced on Monday that Microsoft (MSFT) will extend its partnership and provide cloud computing services through Azure to the enterprise artificial intelligence company, and C3.ai stock ...

Source Link

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

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2484907907?lang=en_US&edition=fundamental","thumbnail":"https://www.investors.com/wp-content/uploads/2024/09/Stock-multicoloredlightbulbsmoke-AI-01-adobe-150x150.jpg","is_english":true,"pubTime":"2024-11-20 05:24","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2484907907","market":"sg","top_or_hot":-1,"title":"AI Stock Soars 23% On Microsoft Partnership, But Is C3.ai A Buy Now?","media":"Blockhead","content":"<div>\n<p>C3.ai (AI) announced on Monday that Microsoft (MSFT) will extend its partnership and provide cloud computing services through Azure to the enterprise artificial intelligence company, and C3.ai stock ...</p>\n\n<a href=\"https://www.investors.com/research/c3ai-ai-stock-buy-now/\">Source Link</a>\n\n</div>\n","source":"investor_business_daily_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>AI Stock Soars 23% On Microsoft Partnership, But Is C3.ai A Buy Now?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAI Stock Soars 23% On Microsoft Partnership, But Is C3.ai A Buy Now?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-20 05:24 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.investors.com/research/c3ai-ai-stock-buy-now/><strong>Blockhead</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>C3.ai (AI) announced on Monday that Microsoft (MSFT) will extend its partnership and provide cloud computing services through Azure to the enterprise artificial intelligence company, and C3.ai stock ...</p>\n\n<a href=\"https://www.investors.com/research/c3ai-ai-stock-buy-now/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IE000KEQY171.SGD","symbol_name":"PIMCO BALANCED INCOME AND GROWTH \"M\" (SGDHDG) INC","start_time":0,"source_url":"https://www.investors.com/research/c3ai-ai-stock-buy-now/","article_id":"2484907907","we_media_id":null,"thumbnails":["https://www.investors.com/wp-content/uploads/2024/09/Stock-multicoloredlightbulbsmoke-AI-01-adobe-150x150.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2484907907","pubTimestamp":1732051462,"sourceInfo":{"source_id":"investor_business_daily_highlight","name":"Investor’s Business Daily"},"weMediaInfo":null,"summary":"C3.ai stock soared 23% on Tuesday after news of a partnership with Microsoft for enterprise AI.","collect":0,"end_time":0,"defaultTopTitle":"investors.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"IE000KEQY171.SGD":"PIMCO BALANCED INCOME AND GROWTH \"M\" (SGDHDG) INC","AI":"C3.ai, Inc.","LU1548497426.USD":"安联环球人工智能AT Acc","LU0690374615.EUR":"FUNDSMITH EQUITY \"R\" (EUR) ACC","UPRO":"三倍做多标普500ETF","MSFT":"微软","LU0077335932.USD":"FIDELITY AMERICAN GROWTH \"A\" INC","SH":"标普500反向ETF","LU2756315318.SGD":"ALLIANZ INCOME AND GROWTH \"AMG\" (SGDHDG) INC A","IE00B7KXQ091.USD":"Janus Henderson Balanced A Inc USD","AMZN":"亚马逊","LU1629891620.HKD":"ALLIANZ INCOME AND GROWTH \"AMG2\" (H2-HKD) INC","IE00BFXG0V08.USD":"BNY MELLON GLOBAL LEADERS \"B\" (USD) ACC","LU1032955483.USD":"NORDEA 1 STABLE RETURN \"HB\" (USDHDG) ACC","IE00B3S45H60.SGD":"Neuberger Berman US Multicap Opportunities A Acc SGD-H","SSO":"两倍做多标普500ETF","IVV":"标普500指数ETF","LU0545039389.USD":"BGF GLOBAL EQUITY INCOME \"A2\" ACC","SPXU":"三倍做空标普500ETF","BK4528":"SaaS概念","IE00BDCRKT87.USD":"PINEBRIDGE GLOBAL DYNAMIC ASSET ALLOCATION \"ADC\" (USD) INC","IE0034235188.USD":"PINEBRIDGE GLOBAL FOCUS EQUITY \"A\" (USD) ACC","OEF":"标普100指数ETF-iShares","LU1989772923.USD":"CPR Invest - Climate Action A2 Acc USD-H","LU1582986359.USD":"M&G (LUX) INCOME ALLOCATION \"A-H\" (USDHDG) ACC","IE00BKDWB100.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5H\" (SGDHDG) ACC","LU1084165304.USD":"FIDELITY WORLD \"A\" (USD) ACC","IE0004091025.USD":"BNY MELLON GLOBAL OPPORTUNITIES \"B\" (USD) ACC","SPY":"标普500ETF","SG9999004303.SGD":"Nikko AM Shenton Global Opportunities SGD","IE00BMPRXN33.USD":"NEUBERGER BERMAN 5G CONNECTIVITY \"A\" (USD) ACC","LU1670711123.USD":"M&G (LUX) GLOBAL DIVIDEND \"A\" (USD) INC","LU2361044949.HKD":"WELLINGTON US QUALITY GROWTH \"A\" (HKD) ACC","LU0203202063.USD":"AB SICAV I - ALL MARKET INCOME PORTFOLIO \"A2X\" (USD) ACC","GOOGL":"谷歌A","LU0345770308.USD":"NINETY ONE GSF GLOBAL STRATEGIC EQUITY \"A\" (USD) ACC","BK4535":"淡马锡持仓","LU2361044865.SGD":"WELLINGTON US QUALITY GROWTH \"A\" (SGDHDG) ACC","SDS":"两倍做空标普500ETF",".SPX":"S&P 500 Index","VOO":"Vanguard标普500ETF","IE0009G5SDU7.USD":"PIMCO BALANCED INCOME AND GROWTH \"M\" (USD) INC","LU0466842654.USD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"A\" (USD) ACC","LU0203201768.USD":"AB SICAV I - ALL MARKET INCOME PORTFOLIO \"AX\" (USD) INC","LU1066051498.USD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AM2\" (USD) INC","BK4538":"云计算","OEX":"标普100","IE000ITXATA3.USD":"PIMCO BALANCED INCOME AND GROWTH \"M\" (USD) ACC","LU0708994859.HKD":"TEMPLETON GLOBAL \"A\" (HKD) ACC"},"translate_title":"与微软合作，AI股价飙升23%，但C3.ai现在值得买入吗？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AI":1,"AMZN":1,"MSFT":1,"GOOGL":1,"VOO":0.9,"SPY":0.9,"OEF":0.6,"OEX":0.6,"SDS":0.6,"SH":0.6,"SPXU":0.6,"SSO":0.6,"UPRO":0.6,".SPX":0.6,"ESmain":0.6,"IVV":0.6},"content_text":"C3.ai (AI) announced on Monday that Microsoft (MSFT) will extend its partnership and provide cloud computing services through Azure to the enterprise artificial intelligence company, and C3.ai stock soared. But is the AI stock a buy now?\nMicrosoft and C3.ai entered into a partnership in 2018 to provide enterprise AI services to several companies.\nOn Tuesday, shares soared more than 24.2% to their highest gains since May 30, 2023 when they rocketed 33.4%, according to Dow Jones Market Data. But AI stock has not formed a proper base with a buy point. Shares undercut the 50 day moving average in July and fell further after first-quarter results in September.\nFirst-quarter sales grew 21% to $87.2 million, above analyst estimates for $86.9 million, and well ahead of the company's own prediction for $82.5 million at the midpoint. C3.ai reported a loss of 5 cents per share, better than views for a 13-cent loss. Still, shares plunged 8% on Sept. 5.\n\n\n\n↑\nX\n\n\n\n\nHow To Buy Stocks: 4 Factors For Finding Quality Trade Ideas\n\n\nSee All Videos\n\n\n\n\nNOW PLAYING\nHow To Buy Stocks: 4 Factors For Finding Quality Trade Ideas\n\n\n\n\nA rally in October helped the stock clear its 50-day and 200 day moving averages. However, IBD MarketSurge shows that stock has not been able to sustain its rallies and has undercut several bases since February 2023.\nThe enterprise AI company has scheduled its second quarter results on Dec. 9.\nWeakening Relative Strength For C3.ai Stock\nC3.ai stock has a Relative Strength Rating of 34, a sharp drop from 94 a year ago. Investor's Business Daily recommends focusing on stocks with an RS Rating of 80 or above. \nThe stock has underperformed the S&P 500 as well.\nIn January, the S&P 500 rose 1.6% while C3.ai fell 14%. In February, the stock catapulted 50% on fiscal third-quarter results and bullish guidance, while the S&P 500 gained 5%. But most of its gains evaporated in March as the stock tumbled 27% vs. the S&P 500's gain of 3%.\nMarketSurge's monthly charts show that the stock underperformed the index again in April. Fourth-quarter results helped the stock outperform the benchmark index in May as it gained 31% vs. the index's 4.8% rise. In June and July, the stock fell 2% and 7.6% while the S&P 500 gained 3.5% and 1.1%. In August the index gained 2.3% with C3.ai stock falling 12.8%.\nIts 4% gain in September was twice that of the S&P 500, while in October shares were 1.7% higher as the index fell 1%.\nThe stock is also prone to drastic swings. On Nov. 20, 2023, C3.ai stock jumped more than 5% but reversed lower to close with a 4.3% loss when Sam Altman was ousted as chief executive from another artificial intelligence specialist, OpenAI.\nAltman quickly returned to OpenAI, but the news apparently triggered speculative trading as the market continued to search for leaders in the space.\nShift In Pricing Model\n\nHowever, industry trends have worked in its favor as well. C3.ai stock skyrocketed Feb. 1, when users successfully tapped OpenAI's ChatGPT artificial intelligence app to generate answers, texts, emails and even write books.\nThe ChatGPT app reached 100 million monthly active users in two months, beating popular apps like TikTok and Instagram. OpenAI's partnership with Microsoft's (MSFT) ChatGPT uses natural language to help users write emails, write code and find answers to daily questions.\nThere are other considerations. In December 2022, C3.ai changed its pricing model from subscription to consumption-based pricing.\nThe move brought the company in line with industry standards for software-as-a-service providers. The practice is common across Amazon.com's (AMZN) Amazon Web Services, Alphabet's (GOOGL) Google Cloud and Microsoft's Azure, as well as smaller players.\nConsumption pricing works like a utility bill. That is, the higher the consumption, the pricier the service. Since AI customers will benefit from having access to an AI enterprise platform with unlimited use and developer licenses, the switch to consumption pricing could drive revenue growth, but not immediately.\nC3.ai CEO Thomas Siebel has indicated the consumption-pricing model will also lower barriers to entry because companies do not have to be tied to long contracts.\n\nArtificial Intelligence News And AI Stocks To Watch\n\nIs C3.ai Stock A Buy Now?\nRedwood City, Calif.-based C3.ai makes software applications equipped with artificial intelligence that can be configured for different purposes.\nThe software can make networks more reliable by detecting fraud, balancing inventory and demand, solving supply-chain issues and increasing energy efficiency. It can also help defend against money laundering.\nThe enterprise software stock popped on its first day of trading on Dec. 9, 2020. Shares leapt from their initial public offering price of 42 to finish at 92.49 that day.\nC3.ai stock has some work to do to improve its Composite Rating, which stands at 55 out of 99. The EPS Rating lags even more, at 40, while the stock has also not formed a base. The stock is not a buy now.\nTo find the best stocks, check out IBD Stock Lists and IBD Data Tables.\nPlease follow VRamakrishnan on X/Twitter for more news on the stock market today.\nYOU MAY ALSO LIKE:\nIs Nvidia A Buy?\nIBD Live: Learn And Analyze Growth Stocks With The Pros\nLearn How To Time The Market With IBD's ETF Market Strategy\nFind The Best Long-Term Investments With IBD Long-Term Leaders\nMarketSurge: Research, Charts, Data And Coaching All In One Place","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2484907907"}