C3.ai stock surged 51% in November due to partnership with Microsoft, marking a positive turn.

From Nasdaq: 2024-12-04 18:55:02

Shares of C3.ai (NYSE: AI) surged last month due to a new partnership with Microsoft, marking a positive turn for the AI software company. The stock finished the month up 51% after the announcement on Nov. 19. The partnership includes technical integration and joint sales and marketing efforts.

C3.ai’s momentum began on Nov. 5 after strong results from Palantir, with the stock rising 7% and 5% on consecutive days. The real surge came on Nov. 19 with the expanded Microsoft partnership, leading to a 24.2% jump. The company’s second-quarter earnings report is highly anticipated following the partnership announcement.

Analysts expect C3.ai’s revenue to increase by 24.3% to $91 million in the upcoming second-quarter report. Despite revenue growth, the company remains unprofitable, with an expected adjusted loss per share of $0.16. The stock is likely to experience significant movement post-earnings, influenced by the Microsoft partnership and market expectations. Consider the potential impact of the partnership on stock performance before investing in C3.ai.



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