AI stocks rebound to cap wild week of trading

Guardforce AI

06/04/2023 16:29

** Shares of firms that use artificial intelligence (AI)
bounce back on Thurs following sharp losses in past two sessions
    ** Group tumbled on Weds amid short-seller attack on
software firm C3.ai Inc  AI.N , President Joe Biden's comments
on potential dangers of AI and broad selloff in growth stocks
    ** Shares of C3.ai up 12.2% on Thurs, after shedding ~38% in
prior two sessions
    ** C3.ai CEO Tom Siebel called short-seller Kerrisdale's
letter alleging accounting issues 'stock price manipulation',
Bloomberg News reported
    ** Thailand's security firm Guardforce AI  GFAI.O  soaring
65.9% on Thurs. Its stock fell 32% on both Weds and Tues after
skyrocketing 171% on Mon
    ** Shares of data analytics firm BigBear.ai  BBAI.N  rises
18.2% and conversation intelligence co SoundHound AI Inc's
 SOUN.O  stock gains 14.0% on the session
    ** BullFrog AI Holdings Inc  BFRG.O  up 20.2% at $4.91 after
seeing its shares leap as high as $9.50 on Tues on licensing
deal with Johns Hopkins University Applied Physics Laboratory
    ** Microsoft Corp  MSFT.O  sparked latest fad among retail
traders earlier this year with its multi-billion dollar
investment in OpenAI, startup behind the sensational ChatGPT
chatbot. MSFT shares inch up 0.19% on Thurs

 (Lance Tupper is a Reuters market analyst. The views expressed
are his own)
 ((lance.tupper@thomsonreuters.com
lance.tupper@tr.com 1-646-279-6380))