C3.ai, Inc. (NYSE:AI) shares are trading lower on Tuesday. Despite Tuesday’s pullback, the stock has trended higher over the last month largely driven by increased enthusiasm around the AI sector. On Tuesday morning, the company announced an upcoming investor day.
What To Know:
C3 AI said it will host an investor day on Thursday to provide investors with a company update, including information about its product roadmap, product demonstrations including C3 Generative AI and updates on its partner ecosystem. The event will include presentations by C3 AI CEO, Thomas Siebel, and other members of the executive team and will be broadcast to the investor community via a live webcast.
C3.ai stock has traded more than 50% higher over the last month, benefitting from a recent rally in AI stocks sparked in part by Nvidia (NASDAQ:NVDA) and the rise in NVDA shares after the chipmaker delivered a huge beat for the first quarter and issued a remarkable increase to its second-quarter forecast.
According to Benzinga Pro, there is significant short interest in C3.ai stock with over 33% of available shares currently being sold short.
Related News: Why VCI Global Shares Are Rocketing Higher Tuesday
AI Price Action: According to Benzinga Pro, AI shares are trading 4.74% lower at $42.38 at the time of publication.
Image: Courtesy of C3.ai
