AI stocks surge as investors bet on growth prospects

A keyboard is placed in front of a displayed OpenAI logo in this illustration taken February 21, 2023. REUTERS/Dado Ruvic/IllustrationMarch 3 - Shares of artificial intelligence-based product makers zoomed on Friday, as a strong forecast from retail darling C3.ai IncC3.a1 forecast better-than-expected revenue and profit for both the fourth quarter and fiscal year 2023, after its third-quarter results topped Wall Street estimates.

Shares of the AI software provider were up 16% at $24.80, and were one of the top five trending stocks on StockTwits. If the gains hold, the stock is set to notch its strongest one-day gain in a month. "The company is starting to gain momentum in building significant enterprise opportunities in its pipeline with its suite of innovative enterprise AI solutions," said Wedbush analyst Daniel Ives.

The firm's aim to turn cash positive and adjusted profitable by the end of fiscal year 2024 also boosted the stock, but Ives believes the execution of these ambitions is key to regain the Street's confidence heading into 2023.

its a junk stock rally

AI is the future... Can you tell if this book is written by human or AI? I would bet an AI as well...

When the herd moves, it moves (as someone once said)

$TAO bittensor_

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