C3.ai stock rises 3.74% and outperforms Microsoft and Alphabet

9 articles · Updated · MarketWatch · May 1

Shares closed at $9.16 on Friday, snapping a two-day losing streak in a mixed US market where the S&P 500 rose 0.29% and the Dow fell 0.31%.
Microsoft gained 1.63%, while Alphabet's Class C and Class A shares rose 0.34% and 0.23%, leaving C3.ai the strongest performer among those peers.
Even after the gain, C3.ai remains 69.71% below its 52-week high of $30.24 reached on 29 May, and trading volume of 5.3 million stayed below its 50-day average.

After a 46% revenue plunge, is C3.ai's drastic restructuring a bold turnaround or a desperate last stand?

Is C3.ai's crisis the first major casualty in the AI-driven 'SaaS-pocalypse' threatening the software industry?