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Nov. 19, 2024, 10:33 p.m.
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C3 AI Stock Surges 24% Following Enhanced Partnership with Microsoft

C3 AI (AI) shares soared on Tuesday after the company strengthened its partnership with Microsoft (MSFT) to boost the adoption of its AI software on Microsoft Azure. The collaboration designates Microsoft as the preferred cloud provider for C3 AI’s enterprise AI software, now accessible through the Microsoft Commercial Cloud Portal.

Following the announcement, C3 AI's stock rose by 24%, closing at $32. 96, marking a positive turn for the year. Previously, the stock had declined after C3 AI projected a larger-than-expected loss for its fiscal second quarter, ending in October.



Brief news summary

C3 AI shares experienced a significant increase on Tuesday, following the announcement of an expanded partnership with Microsoft. This collaboration aims to accelerate the adoption of C3 AI's artificial intelligence software on Microsoft Azure. The agreement designates Microsoft as the preferred cloud provider for C3 AI’s enterprise software, which will be accessible via the Microsoft Commercial Cloud Portal. As a result of this news, C3 AI's stock soared 24%, closing at $32.96, pushing the stock into positive territory for the year. This development provides a positive turnaround after the company had previously forecasted a larger-than-expected loss for its fiscal second quarter, ending in October.

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C3 AI Stock Surges 24% Following Enhanced Partnership with Microsoft

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