What's Going On With C3.ai Stock?

C3.ai, Inc. AI shares traded higher on Wednesday amid continued momentum in AI names.

What To Know: AI stocks have surged over the last few months on increased optimism in the space. Several companies are racing to implement AI into their products and processes as evidenced by Nvidia's blowout earnings report.

C3.ai was also among the most searched tickers on Benzinga Pro in the second quarter, right behind Nvidia and AMD.

Related Link: EXCLUSIVE: Top 10 Most-Searched Tickers On Benzinga Pro In Q2 — Tesla, Nvidia, C3.ai, Meta Platforms, Microsoft And More

Over the past month, Deutsche Bank reiterated its Sell rating on the stock, Piper Sandler reiterated a Neutral rating and maintained a $29 price target and Oppenheimer initiated coverage with a Perform rating.

The overall market was volatile Wednesday afternoon after Fed Minutes signaled that more rate hikes may be coming this year.

Related Link: Fed Minutes Show Dissent On The Board, Foreshadow More Interest Rate Hikes In 2023: What Investors Need To Know

AI Price Action: Shares of AI closed Wednesday up 6.99% at $40.10, according to Benzinga Pro.

Image by Vicki Hamilton from Pixabay