C3.ai (NYSE:AI) Stocks enjoyed another day of big gains on Friday. The software and consulting specialist’s share price ended the session up 8.1% and had risen as much as 8.4% earlier in the trading day. Meanwhile, the S&P500 index ended the daily session up 0.25%, and the Nasdaq Composite index closed the day with an increase of 0.8%.
C3.ai gained ground today thanks to a promising political development and news that one of its competitors had forged a major new defense partnership. With just a few weeks left in the year, the stock is now up about 41% in this year’s trading.
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President-elect Donald Trump today published a post on social media announcing his plans to appoint venture capitalist David Sacks as artificial intelligence (AI) and crypto czar in his administration. Some investors are interpreting the announcement as a signal that the incoming Trump administration will help create favorable demand and regulation and boost business for AI players. While it is too early to say what the net political effects for AI companies will look like under the new administration, there are good reasons to think that demand in key AI industries will remain very strong.
Palantir and Booz Allen Hamilton have announced a new partnership in which they will collaborate on innovations for the defense industry. Palantir also announced it is working with Shield AI to advance the capabilities of autonomous, unmanned vehicles. Once again, the partnership focuses on the defense industry, and Shield AI will leverage Palantir’s Warp Speed production control system for scalable AI solutions.
While Palantir competes with C3.ai in some areas, evidence of increasing demand in the defense industry is broadly a bullish sign. C3.ai has also signed substantial deals and partnerships with the U.S. government and related defense contractors, and its recent partnership with Microsoft Expanding enterprise AI adoption also points to new opportunities in the private sector.
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Keith Noonan has no position in any of the stocks mentioned. The Motley Fool holds positions in and recommends Microsoft and Palantir Technologies. The Motley Fool recommends Booz Allen Hamilton and C3.ai and recommends the following options: long January 2026 $395 calls on Microsoft and short January 2026 $405 calls on Microsoft. The Motley Fool has a disclosure policy.
Why C3.ai Stock Soared Higher Today was originally published by The Motley Fool
