:max_bytes(150000):strip_icc()/GettyImages-1831288560-1a2bdd07945244b0a9878b30f40b7fe5.jpg?w=1500&resize=1500,998&ssl=1 "C3 AI Stock Pops on Expanded Partnership With Microsoft | Global News Avenue")
C3 AI Stock Pops on Expanded Partnership With Microsoft
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Main points
- Shares of C3 AI rose sharply on Tuesday as the company expanded its partnership with Microsoft to accelerate adoption of its enterprise artificial intelligence software.
- The company’s software will be available on the Microsoft Business Cloud Portal.
- With Tuesday’s gains, C3 AI shares are back in positive territory for the year.
C3 Artificial Intelligence (AIShares surged on Tuesday as the company expanded its partnership with Microsoft (Microsoft Corporation) in an effort to accelerate its adoption​​Artificial Intelligence (AI) Software starts MicrosoftAzure.
The companies said the partnership positions Microsoft as the cloud provider of choice for C3 AI enterprise artificial intelligence software, which will be available through the Microsoft Business Cloud Portal.
Following the news, C3 AI shares rose 24% on Tuesday to close at $32.96, putting the stock into positive territory this year. The company’s share price took a hit after it went public in September. Large losses are expected Its fiscal second-quarter results to the end of October beat expectations.
C3 AI plans to announce second-quarter results after the market close on December 9.
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