Why C3.ai Stock Catapulted 125% in May
During a banner month for AI stocks, C3.ai (NYSE: AI) was among the big winners, jumping a whopping 125%, according to data from S&P Global Market Intelligence.
C3.ai stock, which has been volatile all year, jumped on a better-than-expected preliminary earnings report; it concluded its short-seller investigation without finding any wrongdoing and got another tailwind when Nvidia gave much better guidance than expected for the second quarter, showing investors that demand for AI chips is soaring.
Most of the stock's gains in the second half of the month after the earnings report, and it then soared following the Nvidia news.
Source Fool.com
