Benzinga - by Shanthi Rexaline, Benzinga Editor.
Mid-cap artificial intelligence company c3.ai, Inc. (NYSE:AI) reported better-than-expected fourth-quarter results and narrowed its full-year guidance, with the new range exceeding current consensus expectations. Tech analyst Daniel Ives of Wedbush believes c3.ai’s results further solidify the theory of an accelerating AI revolution.
Evidence of AI Growth: Ives cited Microsoft Corp.‘s (NASDAQ:MSFT) strong performance, particularly the high demand for its Copilot AI tool, as early proof of the trend.
Ives, who has called Palantir Technologies, Inc. (NYSE:PLTR) “The Messi of AI,” applauded its “homerun” with its commercial AI platform.
He referenced Nvidia Corp.‘s (NASDAQ:NVDA) positive results, including both strong financials and optimistic forecasts, as further validation. “Last week, the Godfather of AI Jensen [Huang] spoke and the world listened,” Ives said of Nvidia’s CEO.
Finally, he highlighted C3.ai’s own surging demand as another testament to the growing market. “Now c3 seeing demand spike,” he said. “AI Revolution.”
On the AI Revolution theme the last month: first it was the robust numbers from Redmond and Copilot…then the Messi of AI Palantir delivered a Homerun on commercial AIP..last week the Godfather of AI Jensen spoke and the world listened..now c3 seeing demand spike..AI Revolution