C3.ai's stock has been on an upward trajectory in Thursday's trading. As of 2:30 p.m. ET, the company's share price witnessed a significant 9.7% increase. Meanwhile, the S&P 500 index showed a modest gain of roughly 0.5%. This surge in C3.ai stock comes on the heels of Nvidia's third-quarter report yesterday. Nvidia, being the leading provider of graphics processing units (GPUs) driving the AI revolution, often acts as a bellwether for the broader AI industry.
Unlock the Potential of C3.ai's Stock Surge
Nvidia's Q3 Report and Its Impact on C3.ai Stock
After the market closed yesterday, Nvidia released its results for the third quarter of its 2025 fiscal year, which ended on October 29. The AI leader delivered sales and earnings performance that exceeded Wall Street's expectations. Nvidia posted non-GAAP (adjusted) earnings per share of $0.81 on sales of $35.08 billion, surpassing the average analyst estimate of $0.75 per share on sales of $33.16 billion. The company's revenue grew by an impressive 94% year over year, and adjusted earnings per share increased by 103%. This strong performance has had a positive ripple effect on C3.ai stock. The market's response to Nvidia's report has led investors to bid up C3.ai's stock today. The overall demand outlook for the AI space is very strong, which bodes well for C3.ai and other players in the industry.What's Next for C3.ai?
With its last quarterly report, C3.ai achieved a 21% year-over-year revenue increase, reaching $87.2 million. However, the business posted an adjusted loss per share of $0.05. Looking ahead, sales growth seems set to accelerate in the near term. For the current quarter, the company is forecasting sales between $88.6 million and $93.6 million, indicating a midpoint growth of approximately 24.5%. Full-year sales are projected to be between $370 million and $395 million. If the business hits the midpoint of this guidance range, it would result in sales growth of around 23%. In addition to the encouraging forward sales guidance, C3.ai has also been forging promising partnerships. Recently, the company announced a new partnership with Microsoft to expedite the adoption of enterprise AI applications. Yesterday, it also published a press release detailing a partnership with Capgemini targeting AI solutions for various industries such as life sciences, energy, utilities, government, banking, and manufacturing.