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C3.ai (AI) shares pull back after the company's fiscal second quarter earning report released yesterday. The stock initially jumped in response to the quarterly results, which beat on the top and bottom lines but reversed direction. C3.ai founder and CEO Tom Siebel joins Morning Brief Co-Hosts Seana Smith and Brad Smith to discuss the print and what's next for the artificial intelligence (AI) company. The CEO addresses the stock move, saying, "Markets kind of thrash around a little bit, and I think yesterday the stock was up huge... Bottom line, we had a great quarter, I think, [with] 29% year-over-year growth. We finished the quarter with almost three-quarters of $1 billion cash [and] announced a very, very important strategic alignment with Microsoft (MSFT)." He adds, "The stock will take care of itself. It's a positive story." Siebel explains C3.ai's pivotal position in the enterprise AI landscape: "We have over 100 products in the space now. We've gone from [an] order of 100 salespeople in September to [an] order of tens of thousands of salespeople in November, all around the world, every vertical, every geography." He notes, "This is huge. This is a growth accelerator, and, in the medium run, it will result in massive, I think, revenue growth and massive cash flow. So there's nothing that's not good about this." Watch the video above for more on C3.ai's partnerships with Microsoft and Baker Hughes (BKR), the CEO's expectations for the incoming Trump administration, and more. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Naomi Buchanan...
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(Bloomberg) -- Alphabet Inc. shares jumped the most since October as analysts applauded the Google parent’s announcement Monday of a major development in quantum computing through the use of its Willow quantum chip.Most Read from BloombergBrace for a Nationwide Shuffle of Corporate HeadquartersA Chicago Skyscraper Cements the Legacy of a Visionary Postmodern ArchitectCloud Computing Tax Threatens Chicago’s Silicon Valley DreamSan Francisco, Paris Named Best Cities for Urban TransportationDC Busi...
Continue ReadingWall Street is warming to Tesla’s self-driving robotaxi opportunities, leading to higher stock-price targets for the EV maker. China sales data are upbeat...
Continue ReadingIBM (NYSE: IBM) has unveiled breakthrough research in optics technology that could dramatically improve how data centers train and run generative AI models. Researchers have pioneered a new process for co-packaged optics (CPO), the next generation of optics technology, to enable connectivity within data centers at the speed of light through optics to complement existing short reach electrical wires. By designing and assembling the first publicly announced successful polymer optical waveguide (PW...
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We recently published a list of 10 Buzzing AI Stocks This Week. In this article, we are going to take a look at where Marvell Tech Inc (NASDAQ:MRVL) stands against other buzzing AI stocks this Week. Paul Hickey, Bespoke Investment Group co-founder, said while talking to CNBC in a latest program that despite the market gains […]...
Continue ReadingWe recently published a list of 10 Buzzing AI Stocks This Week. In this article, we are going to take a look at where Microsoft Corporation (NASDAQ:MSFT) stands against other buzzing AI stocks this Week. Paul Hickey, Bespoke Investment Group co-founder, said while talking to CNBC in a latest program that despite the market gains […]...
Continue ReadingWe recently published a list of 10 Buzzing AI Stocks This Week. In this article, we are going to take a look at where Amazon.com Inc (NASDAQ:AMZN) stands against other buzzing AI stocks this Week. Paul Hickey, Bespoke Investment Group co-founder, said while talking to CNBC in a latest program that despite the market gains […]...
Continue ReadingWe recently published a list of 10 Buzzing AI Stocks This Week. In this article, we are going to take a look at where Tesla Inc (NASDAQ:TSLA) stands against other buzzing AI stocks this Week. Paul Hickey, Bespoke Investment Group co-founder, said while talking to CNBC in a latest program that despite the market gains still […]...
Continue ReadingWe recently published a list of 10 Buzzing AI Stocks This Week. In this article, we are going to take a look at where Apple Inc (NASDAQ:AAPL) stands against other buzzing AI stocks this Week. Paul Hickey, Bespoke Investment Group co-founder, said while talking to CNBC in a latest program that despite the market gains […]...
Continue ReadingApple stock rallied to new highs, further above a recent buy point, while Nvidia found support at a key level Tuesday...
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