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- 1 The global Artificial Intelligence based market is expected to reach half a trillion by the end of 2023.
- 2 AI stock jumped over 25% in weekly trading sessions and 82% in monthly sessions.
C3.ai Inc(NYSE: AI) is an artificial intelligence-focused company based in Redwood City. The AI stock showed an impressive uptrend in the May 26 trading session and was trading at $32.94 with a 24-hour trading volume of 54.765 million.
On Friday’s trading session, C3.ai stock jumped as high as 15.95% and traded at $33.50. In the same trading session, prices opened at $28.75, and after hitting a low of $28.65, prices jumped above $30.
According to TradingView, C3.ai stock went up by 22.86% in the weekly trading session, and in the monthly trading session, it gained over 82.70%. Since the last one, its trading prices have shown no severe decline.
The overall market capitalization of C3.ai is $3.581 billion, and most of the company’s revenue is based on the subscription model, from which it gathers 81% and the rest from professional and institutional clients.
The artificial intelligence company serves the United States, Netherlands, France, and some other nations of Asia Pacific explicitly. Over 19% of C3.ai shares are closely held, and 80% are free-floating shares.
Mostly, all stocks of Artificial Intelligence-based companies are surging due to the increasing craze of AI-based software and applications. Moreover, some market analysts believe AI is becoming popular because it can replace humans.
Some of the leading institutional shareholders of C3.ai are Vanguard Group Inc., Baker Hughes Holdings LLC, Blackrock Inc, Goldman Sachs Group Inc, Two Sigma Investment, State Street Corp, and Voloridge Investment Management, among many others.
Detained Scenario of AI Market 2023
As per a research report by Statista, the global artificial intelligence market was valued at $433 billion (estimated) in 2022, and it might hit a total valuation of more than half a trillion by the end of the ongoing year.
Since 2020, the AI market valuation has been rapidly increasing, and it was valued at $296.7 billion in 2020, $341.8 billion in 2021, $432.8 billion in 2022, and is expected to reach $500 billion by the end of 2023.
AI is being developed at a break-neck speed with new applications rolling out more frequently than ever. According to CoinMarketCap, thousands of crypto tokens are listed in the industry.
AI can help the blockchain network maintain peak performance by recognizing and identifying network congestion patterns. It helps in the prevention and detection of fraudulent activities happening in the blockchain network.
AI can .
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
