Why c3.ai Stock Is Shooting Higher In Thursday's Premarket

The optimism relayed by Nvidia Corp.’s NVDA first-quarter results have proved to be contagious, as it has set in motion a rally several AI-related stocks, both big and small.

In premarket trading on Thursday, shares of c3.ai, Inc. AI rallied 11.13% to $13.95, according to Benzinga Pro data.

Nvidia reported record data center revenue, with the bulk of the upside coming from the demand for generational AI chips that power AI applications and processes.

C3.ai is an enterprise AI software company providing AI application platform, application development and runtime environment that enables customers to design, develop, and deploy enterprise AI applications.

The company announced Wednesday morning that its C3 Generative AI Product Suite is now available as a public offering on Alphabet, Inc.’s GOOGL GOOG Google Cloud marketplace.

The stock has gained nearly 150% in the year-to-date period.

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