C3.ai jumps as investors continue to pour into AI stocks
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C3.ai (NYSE:AI) shares gained more than 6% on Monday as investors continued to move into artificial intelligence stocks.
Also seeing gains on Monday were SoundHound AI (SOUN), which surged more than 42%, and BigBear.ai (BBAI), up by more than 17% after trading ended.

On Friday, investment firm D.A. Davidson & Co. started coverage on C3.ai (AI) with a buy rating and called it a "truly scarce asset."
Analyst Gil Luria also set a $30-a-share price target on C3.ai's (AI) stock and noted that the emergence of generative artificial intelligence as a "killer app" for AI is giving the company the opportunity to monetize its investments in the space.
Google (GOOG) (GOOGL) is slated to host an artificial intelligence-focused event later this week about "using the power of AI."
C3.ai (AI) recently announced a new artificial intelligence focused product suite known as C3 Generative AI Product Suite that integrates other AI systems, including Open AI's ChatGPT.