AI Stock: 8.65% Increase Explanation

By Amit Chowdhry ● April 14, 2021
  • The stock price of C3Ai Inc (NYSE: AI) increased by 8.65%. This is why it happened.

The stock price of C3Ai Inc (NYSE: AI) – a leading enterprise AI software provider for accelerating digital transformation – increased by 8.65% as it went from a previous close of $63.01 to $68.46. Investors appear to be responding to the company being recognized as part of The Financial Times list of The Americas’ Fastest Growing Companies 2021. This award is presented by The Financial Times and Statista, the world-leading statistics portal and industry ranking provider.

FT’s Americas’ Fastest Growing Companies list recognizes companies across the Americas that demonstrated strong revenue growth between 2016 and 2019. And this is the second time that the FT – in partnership with Statista – identified the 500 fastest growing enterprises across all industries that contribute most heavily to economic growth in over 20 countries in the Americas.

Out of the millions of active companies in North and South America, C3 AI is proud to be recognized on the FT’s Americas’ Fastest Growing Companies list for 2021.

Following the company’s IPO in late 2020, C3 AI reported strong revenue and subscription growth year-over-year in its first quarterly earnings results.

C3 AI is going to continue its leadership in the large and rapidly growing enterprise AI market through technology and platform innovations as well as expanding its partner and customer ecosystem across industry verticals like Aerospace & Defense, Energy, Financial Services, Healthcare, Manufacturing, Oil & Gas, Telecom, and Utilities.

KEY QUOTE:

“We’re thrilled and honored by The Financial Times’ recognition. Enterprise AI is enabling companies and organizations of all sizes across all industries around the world to optimize their productivity, streamline operational efficiencies, and develop new business opportunities. We look forward to investing in and continuing our commitment to help our broad customer ecosystem achieve their digital transformation goals.”

— C3 AI CEO Thomas M. Siebel

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.