AI stocks surge after C3.ai's Q3 sales beat

Guardforce AI

03/03/2023 10:51

** Shares of firms that use artificial intelligence climb
after AI software firm C3.ai Inc  AI.N  beat Q3 results 
    ** AI surged 16.33% to $24.79 before the bell
    ** C3.ai reports adj loss of 6 cents​​/shr vs expectations
of loss of 22 cents/shr - Refintiv Data
    ** Co reports Q3 sales of $66.67 mln, beating Street
estimates of $64.25 mln - Refinitiv 
    ** C3.ai among top four stocks touted on investor-focused
website stocktwits.com
    ** Analytics firm BigBear.ai  BBAI.N  adds 11.3%,
conversation intelligence co SoundHound AI  SOUN.O  advances 14%
and Thailand's security firm Guardforce AI  GFAI.O  rises 8%
    ** BuzzFeed Inc  BZFD.O , which earlier said it would use
ChatGPT creator OPenAI for its content, up 1.4%
    ** Microsoft Corp  MSFT.O , which partnered with OpenAI, up
0.3%
    ** Two of 12 brokerages rate C3.ai "buy",  seven "hold" and
three "sell"; their median PT is $16
    ** C3.ai rose 90% YTD, as of last close

 (Reporting by Johann M Cherian in Bengaluru)
 ((johann.mcherian@thomsonreuters.com;))