AI Revolution Confirmed? Wedbush's Dan Ives Points To Latest Sign From Mid-Cap Tech Company 'Seeing...

Published on 29 Feb 2024 on Benzinga

AI Revolution Confirmed? Wedbush's Dan Ives Points To Latest Sign From Mid-Cap Tech Company 'Seeing...

Mid-cap artificial intelligence company c3.ai, Inc. AI reported better-than-expected fourth-quarter results and narrowed its full-year guidance, with the new range exceeding current consensus expectations. Tech analyst Daniel Ives of Wedbush believes c3.ai’s results further solidify the theory of an accelerating AI revolution.

Evidence of AI Growth: Ives cited Microsoft Corp.‘s MSFT strong performance, particularly the high demand for its Copilot AI tool, as early proof of the trend.

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