Why C3.ai Stock Popped a Lucky 13% Today
C3.ai (NYSE: AI) stock rushed out of the gate Tuesday morning, gaining 13.2% through 9:50 a.m. ET after announcing a "strategic alliance" with software powerhouse .
Highlighting each company's respective strengths, artificial intelligence (AI) applications specialist C3.ai and artificial intelligence server farm operator Microsoft say they will work together "to enhance existing capabilities and introduce new innovations that help our mutual customers maximize delivery of high-value enterprise AI solutions with Azure."
More specifically, Microsoft intends to integrate C3.ai's enterprise AI application software into the Microsoft Commercial Cloud Portal, align C3's apps with new capabilities from Azure, and work together to both market and deliver C3's products to customers.
Source Fool.com
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