Advertisement
Australia markets closed
  • ALL ORDS

    8,153.40
    +59.10 (+0.73%)
     
  • ASX 200

    7,921.30
    +60.10 (+0.76%)
     
  • AUD/USD

    0.6551
    +0.0010 (+0.15%)
     
  • OIL

    76.44
    -1.84 (-2.35%)
     
  • GOLD

    2,385.70
    +32.20 (+1.37%)
     
  • Bitcoin AUD

    103,661.50
    +1,351.48 (+1.32%)
     
  • CMC Crypto 200

    1,375.17
    +44.56 (+3.35%)
     
  • AUD/EUR

    0.6029
    +0.0004 (+0.06%)
     
  • AUD/NZD

    1.1118
    +0.0019 (+0.17%)
     
  • NZX 50

    12,349.47
    -46.80 (-0.38%)
     
  • NASDAQ

    19,023.66
    +193.07 (+1.03%)
     
  • FTSE

    8,285.71
    +99.36 (+1.21%)
     
  • Dow Jones

    40,589.34
    +654.27 (+1.64%)
     
  • DAX

    18,417.55
    +118.83 (+0.65%)
     
  • Hang Seng

    17,021.31
    +16.34 (+0.10%)
     
  • NIKKEI 225

    37,667.41
    -202.10 (-0.53%)
     

Why C3.ai Stock Rallied Friday Morning

Why C3.ai Stock Rallied Friday Morning

The catalyst for the provider of enterprise artificial intelligence (AI) software were comments by an industry leader about the growing excitement for AI tools, specifically generative AI. At Nvidia's (NASDAQ: NVDA) GPU Technology Conference this week, CEO Jensen Huang said that AI had reached an inflection point with recent developments that made the technology both easy to use and easily accessible. "We're seeing an acceleration of demand for inference because of generative AI," Huang said.