| From: Julius Wong | 6/23/2023 2:10:42 PM | | | | | | C3.ai slumps 8% as Deutsche Bank reiterates sell after investor meeting
Jun. 23, 2023 10:23 AM ET
C3.ai, Inc. (AI)
By: Chris Ciaccia, SA News Editor
8 Comments
 hapabapa
C3.ai (NYSE: AI) shares fell more than 8% on Friday after investment firm Deutsche Bank reiterated its sell rating on the enterprise software company after it held its investor meeting.
Analyst Brad Zelnick said the event "left a lot to be desired" as there were no details on financials, "limited" updates on the company's operations and investors did not really attend the event, despite it being positioned as for them.
"While we appreciate the vast opportunity presented by AI, the event did nothing to ease our skepticism on the true differentiation of the company's platform, its traction with customers or its ability to hit its constantly evolving financial targets," Zelnick wrote in an investor note.
Zelnick also pointed out that C3.ai ( AI) released its 10-K filing on Wednesday, which showed CEO Thomas Seibel has started a 10b5-1 trading plan to sell shares, while also implying "weak" retention metrics and a couple of one-time items that actually boosted the company's operating margins in 2022.
"Until we get more comfort in some of the leading indicators, magnitude of new deals and signs of sustained new business traction we maintain our Sell rating," Zelnick added. |
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| From: Julius Wong | 8/24/2023 12:50:10 PM | | | | | | AI stocks sink as Nvidia-led euphoria fades
Aug. 24, 2023 11:58 AM ET
C3.ai, Inc. (AI), NVDA GOOG, AMZN, MSFT, AMD, INTC, MRVL, MU, ADBE, AVGO, GOOGL, BBAI, SOUN
By: Chris Ciaccia, SA News Editor
18 Comments
 Vertigo3d
Artificial intelligence stocks sank on Thursday as the euphoria surrounding Nvidia (NASDAQ: NVDA) and its strong second-quarter results and guidance faded.
Enterprise software company C3.ai (NYSE: AI) gave up earlier gains and fell nearly 12% in mid-day trading on Thursday, while SoundHound AI ( SOUN) and BigBear.ai Holdings ( BBAI) each lost more than 6%.
Microsoft ( MSFT) shares slipped around 1.4%, while Adobe ( ADBE), which has recently been praised for its AI offerings, lost around 2.5%.
The other mega-cap tech stocks, Google ( GOOG) ( GOOGL) and Amazon ( AMZN), fell 1.4% and 2%, respectively.
The losses weren't just relegated to software stocks as semiconductor stocks lost ground too. AMD ( AMD) shares reversed earlier gains and fell more than 6%, as did Marvell Technology ( MRVL), which is slated to report its own quarterly results after the close of trading.
Broadcom ( AVGO) shares lost around 1%, while Intel ( INTC) and Micron Technology ( MU) also lost ground.
Nvidia ( NVDA) shares were still higher on the day shortly before 12 p.m. EST, though well off the best levels of the session.
A number of analysts praised the company's results and guidance, with some calling the outlook a "guidance for the ages."
In addition to the strong results and outlook, Nvidia ( NVDA) approved an additional $25B share buy back program, adding that it would continue to repurchase stock this fiscal year. |
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| From: Savant | 11/13/2023 11:10:36 AM | | | | | | C3 AI (NYSE: AI), the Enterprise AI application software company, today announced that C3 AI CEO Thomas M. Siebel will present at a fireside chat at the 5(th) Annual Needham Virtual Infrastructure, Data Analytics Software & Cloud Communications Conference on Wednesday, November 15, 2023, at 10:40 am ET.
Interested parties will be able to watch a replay of the webcast, which will be accessible on the C3 AI Investor Relations website (ir.c3.ai) following the event.
About C3.ai, Inc. |
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| From: Julius Wong | 11/14/2023 5:47:55 PM | | | | | | C3.ai soars on expansion of AWS deal focused on generative AI
Nov. 14, 2023 3:12 PM ET
By: Chris Ciaccia, SA News Editor
hapabapa
- Enterprise software company C3.ai (NYSE: AI) rose more than 6% on Tuesday after the company announced an expansion of its "strategic collaboration agreement" with Amazon (NASDAQ: AMZN) and its cloud computing unit, Amazon Web Services.
- In a statement, C3.ai ( AI) said it and AWS will continue to focus on offering generative artificial intelligence for customers in multiple sectors, including manufacturing, power and utilities, consumer goods, as well as state and federal governments.
- “We’ve seen continued enthusiasm in the C3 Generative AI Suite since its launch, and as interest continues to grow, our collaboration is focused on building a quick and easy onboarding process so our shared customers can start seeing immediate value from generative AI,” said C3 AI CEO Thomas Siebel in a statement. “Our teams are dedicated to creating tightly integrated solutions so organizations can increase efficiency through faster data retrieval and analysis and accelerate value creation by getting many users onboarded quickly.”
- C3.ai's ( AI) deal with AWS started in 2016 and its generative AI suite, which was unveiled in February, as well as its platform and applications all run on AWS.
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