Relative Strength Index (RSI)
|Bid||31.92 x 1100|
|Ask||31.90 x 1800|
|Day's Range||30.60 - 34.57|
|52 Week Range||10.16 - 44.02|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||Aug 29, 2023 - Sep 04, 2023|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||26.89|
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The company sells its AI application-development platform and its suite of AI applications to large enterprises, which means long sales cycles and hefty spending on sales and marketing. Revenue was unchanged from the prior-year period, net loss worsened, and the company guided for a sequential revenue decline in the first quarter of fiscal 2024. Despite this increased interest, the company expects sluggish revenue growth in fiscal 2024.
During a banner month for AI stocks, C3.ai (NYSE: AI) was among the big winners, jumping a whopping 125%, according to data from S&P Global Market Intelligence. C3.ai stock, which has been volatile all year, jumped on a better-than-expected preliminary earnings report; it concluded its short-seller investigation without finding any wrongdoing and got another tailwind when Nvidia gave much better guidance than expected for the second quarter, showing investors that demand for AI chips is soaring. Most of the stock's gains in the second half of the month after the earnings report, and it then soared following the Nvidia news.
We are initiating coverage of Kenvue with an Overweight rating and a December 2023 price target of $29. As the largest pure-play consumer health company in the world following its separation from parent Johnson & Johnson, Kenvue is uniquely positioned to benefit from consumer megatrends (self-care, aging). As a stand-alone company, we believe that Kenvue’s board and management will be more focused and accountable for the growth and profitability of the business following the separation that began in 2019, with significant opportunities to scale.
As the trading day comes to a close, Yahoo Finance Live breaks down the top tickers of the day, including Lululemon, SentinelOne, and AI stocks such as Nvidia and C3.ai.
Fool.com contributor and finance professor Parkev Tatevosian analyzes C3.ai's (NYSE: AI) latest financial results and answers whether the stock is a buy right now. *Stock prices used were the afternoon prices of May 31, 2023.
For four long days, shares of eponymous artificial intelligence stock C3.ai (NYSE: AI) have gone nowhere but down, falling another 3.3% in morning trading on the NYSE Friday, 11:15 a.m. ET -- and losing nearly 24% from Tuesday's close. Or at least it seemed positive, with investment banks Bank of America, Canaccord, JMP Securities, Morgan Stanley, Piper Sandler, and Wedbush all lining up to raise price targets on the company after it beat earnings on Wednesday.
C3.ai's (AI) fourth-quarter fiscal 2023 revenues gain from the rapid adoption of its generative AI architecture and expanding partner base.
Here is your Pro Recap of the biggest analyst picks you may have missed since yesterday: upgrades at C3.ai, Chevron, Domino’s Pizza, and The Trade Desk. Wedbush upgraded C3.ai (NYSE:AI) to Outperform from Neutral and raised its price target to $50.00 from $24.00 following Q4 earnings, as InvestingPro reported in real time. Furthermore, Wedbush noted that the company is in a unique position to help lead the charge and monetize this looking ahead the next 12 to 18 months.
Jokes about boomers who don't understand that you can no longer save up for a down payment in coastal California by "putting aside some money" for a couple of years or pay for a year of college from a summer working retail are now the same age as most millennials: in their fourth decade. The latest iteration of the joke came up in the WallStreetBets subreddit, the maverick investing community behind the 2021 GameStop meme stock craze that once sent GameStop and AMC shares soaring.
Two tech stocks receiving considerable attention from Wall Street going into their quarterly reports yesterday were Salesforce (CRM) and C3.ai (AI).
The provider of enterprise AI software has failed to reap the financial rewards of the AI revolution.
As the pull back in consumer spending continues to impact retailers, the Yahoo Finance Live team takes a look at shares of Macy's, Dollar General, and Nordstrom. Shifting to the auto industry, EV maker Lucid's stock dropped after announcing a new stock offering. On the AI front, C3.ai shares plunged after the company issued a disappointing outlook.
C3.ai issued a full-year fiscal 2024 revenue outlook that missed analyst estimates, sending AI stock tumbling in late trade Wednesday.
The Nasdaq and S&P 500 surged to nine-month closing highs on Thursday as signs of slowing wage pressure raised hopes the Federal Reserve will pause hiking interest rates and investors cheered a vote in Congress to suspend the U.S. debt ceiling. The number of Americans filing new claims for unemployment benefits rose modestly last week, while private payrolls increased more than expected in May, pointing to a still tight labor market that could push the Fed to keep rates elevated.
Stocks climbed Thursday, erasing earlier losses, following the House of Representatives passing the debt ceiling bill. C3.ai stock (ticker: AI) tumbled 13% after the AI software provider’s earnings outlook failed to live up to the hype.
The AI software play's shares have been fluctuating wildly. But the CEO says the path ahead looks great.
U.S. stock indexes rose on Thursday as investors cheered a vote in Congress to suspend the U.S. debt ceiling, while signs of slowing wage pressure on inflation added to growing optimism the Federal Reserve will skip raising interest rates in two weeks. for unemployment benefits rose modestly last week, while private payrolls increased more than expected in May, pointing to a still tight jobs market that could push the Fed to keep rates elevated. But wage inflation is slowing, as reported by ADP, while a Labor Department report said the price of labor per single unit of output rebounded at a 4.2% rate in the first quarter - a downward revision from the 6.3% growth pace estimated in May.
Jon and Pete Najarian join forces to discuss and debate their favorite topics, including the hottest stock-specific news and sports!
(Bloomberg) -- Retail traders are riding the wave of AI mania that’s swamped Wall Street, looking beyond Nvidia Corp. and C3.ai Inc. for the next stocks to pop.Most Read from BloombergChina Is Drilling a 10,000-Meter-Deep Hole Into the EarthInside the Making of Redfall, Xbox’s Latest MisfireDebt-Limit Deal Clears Congress, Ending Threat of US DefaultWall Street Banks Are Using AI to Rewire the World of FinanceApple Plans Major Retail Push With New Stores Across China, US“FOMO looks to be kicking
U.S. stock indexes rose by midday trading on Thursday as investors cheered passage of a bill by lawmakers to suspend the nation's debt ceiling amid bets that the Federal Reserve will skip raising interest rates in its next meeting. The bill to suspend the $31.4 trillion debt ceiling headed to the Senate, which must enact the measure before a Monday deadline, when the government is expected to run out of money to pay its bills.
C3.ai shares plummeted after its outlook missed estimates. Yahoo Finance Tech Editor Dan Howley breaks down the company's latest earnings. Howley also discusses the run in AI stocks, including some names to know if you some of them may be too expensive for an investor's budget.
The provider of enterprise artificial intelligence (AI) software solutions released quarterly results that illustrated its continuing struggles, even as the rapidly accelerating adoption of all things AI has lifted much of the sector in recent months. For its fiscal 2023 fourth quarter (ended April 30), C3.ai generated revenue of $72.4 million, which was flat year over year -- even in the face of the ongoing AI boom.
C3.ai shares were punished by investors on Thursday after the company failed to deliver the kind of blowout numbers recently reported by some peers in the AI race.
The Dow fell on Thursday after dismal earnings from Salesforce tempered optimism sparked by passage of a bill by lawmakers to suspend the nation's debt ceiling and bets that the Federal Reserve will skip raising interest rates in its next meeting. The bill to suspend the $31.4 trillion debt ceiling on Wednesday passed with majority support from both Democrats and Republicans and will now head to the Senate, which must enact the measure before a Monday deadline, when the government is expected to run out of money to pay its bills.