C3.ai stock is up 4.7% due to bullish momentum in AI stocks and Palantir news

From Nasdaq: 2024-12-26 15:55:00

C3.ai (NYSE: AI) stock is up 4.7% in Thursday’s trading session, outperforming the S&P 500 and Nasdaq. The surge is fueled by bullish momentum in AI stocks and news of Palantir forming a consortium to challenge traditional defense players.

The Federal Reserve announced a 25 basis-point interest rate cut at its policy meeting, with plans for only two more cuts next year. Growth-dependent AI stocks initially dropped but are now recovering, with investors showing increased risk tolerance. C3.ai stock is benefiting from this trend.

Palantir is teaming up with Anduril to disrupt the defense industry. While C3.ai was not named in the consortium, investors speculate it could benefit. The company’s established relationships and recent partnerships make it an attractive candidate for new contracts.

Investors have a second chance to invest in potentially lucrative opportunities with “Double Down” stock recommendations. Historical data shows significant returns for Nvidia, Apple, and Netflix based on these alerts. Now, three new companies are being highlighted for potential growth opportunities.



Read more at Nasdaq: Why C3.ai Stock Is Gaining Today