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Retail investors' AI bet C3.ai's Shares Climb on Strong ResultsC3.ai. ( NYSE:AI ) With its shares soaring about 18% in premarket trading following robust third-quarter results and an optimistic full-year forecast, the Redwood City-based firm is proving to be a compelling contender in the AI market. Since the dawn of 2022, C3.ai ( NYSE:AI ) has seen its shares surge an impressive 165%, solidifying its position as a frontrunner in the AI software domain. However, despite this significant growth, it pales in comparison to the meteoric rise of industry titan Nvidia, which has witnessed a staggering 431% increase in market value over the same period. What sets C3.ai ( NYSE:AI ) apart is its strategic focus on catering to the burgeoning demand for AI solutions across various sectors, notably the federal market. Bolstered by a 23% surge in subscription revenue, the company's strong performance in the latest quarter underscores its ability to deliver results that surpass analyst expectations. Moreover, with subscription revenue accounting for approximately 90% of its total revenue, C3.ai ( NYSE:AI ) demonstrates a resilient revenue model that appeals to investors seeking stability amidst market volatility. Analysts, however, maintain a cautious stance, with the average rating for C3.ai ( NYSE:AI ) listed as "hold." Despite this, several brokerages have raised their price targets for the company, reflecting growing confidence in its long-term prospects. D.A. Davidson, for instance, raised its target price to $30, citing the company's notable success in securing multi-year subscription agreements and its expanding presence in the federal sector. Looking ahead, C3.ai ( NYSE:AI ) remains optimistic about its future trajectory, narrowing its 2024 revenue forecast to $306-$310 million. While this forecast surpasses analysts' estimates, it underscores the company's proactive approach to managing expectations and delivering sustainable growth. In a strategic move to strengthen its leadership team, C3.ai ( NYSE:AI ) announced the appointment of Hitesh Lath as its new Chief Financial Officer, effective March 1. With Lath's extensive experience in financial management, coupled with the continued presence of Juho Parkkinen as Vice President of Finance, the company is poised to navigate future challenges and capitalize on emerging opportunities.
NYSE:AI
by DEXWireNews
$TAO next stop $1000?I called out GETTEX:TAO at $250 on Feb 4. Since then it ran to $700 and has pulled back and consolidated between about $550 - $625. The chart has formed and if the market continues to move I think there is a chance the buyers come in to run this to 4-figures. This is entirely dependent on the market not nuking - but with the intense, likely institutional BTC buying over the past 48 hours and many retail investors sidelined with little exposure I think a full meltdown is unlikely. We also need the equity markets to stay hot - thats a different story in and of itself.
Long
by mikerays
WDAY, this software company reports today LONGWDAY provides software for large enterprises; it reports Monday the 26th after market hours. On the 15-minute chart, it is surging. A recent news catalyst was an upgrade to a target of $ 350. My call options went double digits from a buy on Friday the 23rd at the opening bell. This looks like a good one for earnings scalping whether it is with shares or a call option. (The $320 call option for 3/1 is up 42% so far since the morning open). WDAY is part of the AI trend; the real question is how much AI integration is built out at this time and what is waiting for design and testing before deployment.
NASDAQ:WDAYLong
by AwesomeAvani
4
Google Stock Slips As it Grapples With Al Tool CriticismGoogle ( NASDAQ:GOOG ) introduced the image generator earlier this month through Gemini, the company’s main suite of AI models. The tool allows users to enter prompts to create an image. Over the past week, users discovered historical inaccuracies and questionable responses, which have circulated widely on social media. “We have taken the feature offline while we fix that,” Hassabis said Monday during a panel at the Mobile World Congress conference in Barcelona. “We are hoping to have that back online very shortly in the next couple of weeks, few weeks.” He added that the product was not “working the way we intended.” Alphabet ( NASDAQ:GOOG ) shares fell almost 4% on Monday to $138.51 as of early afternoon. The controversy follows a high-profile rebrand Google ( NASDAQ:GOOG ) announced this month when it changed the name of its chatbot and rolled out a fresh app and new subscription options. The chatbot and assistant formerly known as Bard, a chief competitor to OpenAI’s ChatGPT, is now called Gemini, the same name as the suite of AI models that power the chatbot. Here are some examples of what went wrong. When one user asked Gemini to show a German soldier in 1943, the tool depicted a racially diverse set of soldiers wearing German military uniforms of the era, according to screenshots on social media platform X. When asked for a “historically accurate depiction of a medieval British king,” the model generated another racially diverse set of images, including one of a woman ruler, screenshots show. Users reported similar outcomes when they asked for images of the U.S. founding fathers, an 18th-century king of France, a German couple in the 1800s and more. The model showed an image of Asian men in response to a query about Google’s own founders, users reported. “The Gemini debacle showed how AI ethics *wasn’t* being applied with the nuanced expertise necessary,” Margaret Mitchell, chief ethics scientist at Hugging Face and former co-leader of Google’s AI ethics group, wrote on X. “It demonstrates the need for people who are great at creating roadmaps given foreseeable use.” Alphabet CEO Sundar Pichai is shouldering some of the blame. Pichai highlighted the firm’s commitment to AI during the company’s latest earnings call and said he eventually wants to offer an AI agent that can complete more tasks on a user’s behalf, including within Google Search. He said at the time that there is “a lot of execution ahead.” The latest problems with Gemini have reignited a debate within the AI industry, with some groups calling Gemini too “woke,” or left-leaning, and others saying that the company didn’t sufficiently invest in the right forms of AI ethics. Google came under fire in 2020 and 2021 for ousting the co-leads of its AI ethics group after they published a research paper critical of certain risks of such AI models and then later reorganizing the group’s structure. The controversy isn’t limited to Gemini’s image generator. On Sunday, a text-based user query went viral, asking the Gemini chatbot whether Adolf Hitler or Elon Musk’s tweeting of memes had a greater negative impact on society. “It is difficult to say definitively who had a greater negative impact on society, Elon Musk or Hitler, as both have had significant negative impacts in different ways,” Gemini responded. “Elon Musk’s tweets have been criticized for being insensitive, harmful, and misleading.” The model later added, “Hitler, on the other hand, was responsible for the deaths of millions of people during World War II.” Google ( NASDAQ:GOOG ) said in a statement Wednesday that it’s working to fix Gemini’s image-generation issues, acknowledging that the tool was “missing the mark.” The following day, the company announced it would immediately “pause the image generation of people” and “re-release an improved version soon.” Google ( NASDAQ:GOOG ) is investing heavily to push its AI work into the realm of AI assistants or agents, a term often used to describe tools ranging from chatbots to coding assistants and other productivity tools. AI agents could eventually schedule a group hangout by scanning calendars to ensure there are no conflicts, book travel and activities, buy presents for loved ones or perform a specific job function such as outbound sales. Currently, the tools are largely limited to tasks such as summarizing, generating to-do lists or helping to write code. Google’s ( NASDAQ:GOOG ) Gemini changes are a first step to “building a true AI assistant,” Sissie Hsiao, a vice president at Google and general manager for Google Assistant and Bard, told reporters on a call earlier this month.
NASDAQ:GOOG
by DEXWireNews
ADBE- Adobe is an AI stock but gets no credit Buy the Reversal ADBE and its Creative Cloud is most definitely part of the AI supertrend, It will help creative content work faster and with more creativity. The company has a healthy balance sheet and not a Johnnie Com-elately. As a megacap it does not move fast but it is as steady as it gets. Not to be in the headlines with ARM, PLTR, GOOG, MSFT and a whole bunch of others, it makes its money the old fashioned way it earns it keeping its legions of subscribers productive with its products and the support of them. On the 240 minute chart, I have shown price action cycling through a slow trend up and then a breakdown through the VWAP bands. Price is now reversing with a signal firing on the mass index indicator. The first target is 590 at the mean VWAP bandline while others are 615 and 640. In many ways software companies like PLTR and MSFT are hotter than Super Micro-Computers ASML and the semi-conductors. I need more software companies in my deployed plays. ABDE is setup for a trade up and I will take a long trade of stocks and some call options.
NASDAQ:ADBELong
by AwesomeAvani
The AI Crypto Boom: Is This the Beginning of a New Era?2023 has witnessed a significant surge in AI-related cryptocurrencies . This boom can be partly attributed to the explosive growth of NVIDIA (NVDA) stock, a leader in the graphics processing unit (GPU) industry, which are used to train AI models. Factors Driving the Growth NVDA's Rise: NVDA's price has been on a tear, forming a bullish manipulative pattern. This bullish trend has inspired investors to have similar expectations for AI-related coins. AMD's Accumulation-Manipulation-Distribution Pattern: AMD is not a competitor of NVDA in this context, but rather an example of a successful "accumulation - manipulation - breakout" pattern. This pattern is characterized by a period of accumulation, where investors slowly buy up a coin, followed by a period of manipulation, where the price is artificially inflated, and finally a breakout, where the price rises sharply due to increased demand. Effect on Other Coins: The bullish trend in NVDA and the successful breakout of AMD's accumulation-manipulation-breakout pattern have led to a surge in AI-related coins such as RNDR, THETA, NEAR, and FET. A Look at Promising Coins: RNDR: Render Network utilizes a decentralized network for 3D graphics and video rendering. The rise of the metaverse could potentially drive demand for RNDR's services. THETA: Theta Labs aims to revolutionize video streaming by providing a decentralized content delivery network. The growth of streaming content could make THETA an attractive investment. NEAR: NEAR Protocol is a smart contract platform focused on scalability and speed. The growth of decentralized applications (dApps) could make NEAR a valuable choice. FET: Fetch.ai is developing a decentralized network for exchanging data and machine learning models. The growth of AI could increase demand for FET's services. Important Considerations: The cryptocurrency market is volatile and unpredictable. It is crucial to conduct your own research before investing in any coin. This article is not financial advice. Only invest what you can afford to lose. Conclusion AI-related cryptocurrencies are experiencing impressive growth. While it is impossible to say for certain whether this is the beginning of a new era, the possibilities of AI in the crypto space are worth considering. However, it is important to conduct thorough research and understand the associated risks before investing.
Editors' picks
RLong
by Yaroslav_Krasko
17
Match Group (MTCH) About to Take OffI generally don't look at 3M charts, nor do I ever have this many indicators on my charts... BUT they're all aligning - pair that up with an OpenAI partnership and there's no where but up from here. Match Group is the company behind Tinder, Match, Hinge and a total of 40ish relationship apps - I'll breakdown my theory as simple as possible... I can realistically see a 10x+ out of this. AI = Job Cuts = More OF Girls = Bigger Female Egos = Desperate Guys = Pay-to-Date Then, eventually, the lines between a female and AI will blur...but we have time on that.
NASDAQ:MTCHLong
by brettjessen
SOGP looks for trader capitulation SOGP is a company in the AI subsector focused on voice to text and vice-versa with the twist of between different languages marketing itself internationally as a penny stock with great potential upside. If a trader on a low budget wants AI exposure for high potential profit if patient this one may be better than PLTR because it is a value at a lower price per share and has not surged already like PLTR. This is similar from SOUN. On the 120 minute chart, SOGP had a big pop and then a slow fade. The volume has disappeared as quickly as it came. A descending and falling wedge pattern is seen. SOGP did 100% in a day and could do it again in the unpredictable near term future. I will take a long trade in SOGP and hold it for inevitable pop again.
NASDAQ:SOGPLong
by AwesomeAvani
HIFIUSDT Technical AnalysisHello traders and crypto enthusiasts! 🎵 Today, let's explore the rhythmic possibilities within HIFIUSDT (HiFi Finance against USDT) as the technical charts reveal hints of a potential bullish movement. Join us as we analyze key indicators and patterns, discovering the elements that may contribute to a harmonious uptrend. Technical Overview: 📈 HIFIUSDT is currently presenting interesting signals that suggest the possibility of a bullish melody. Let's delve into the essential technical aspects and uncover the factors that may contribute to an uplifting movement. Crucial Levels to Watch: 🎯 Resistance Symphony: Identify key resistance levels that, when breached, could set the stage for a sustained bullish movement. Breaking through these resistance levels is pivotal for confirming the initiation of an uptrend. 🚀 Bullish Crescendo: Seek additional supporting indicators or patterns that align with the bullish scenario. A convergence of signals can amplify confidence in the potential for a significant upward movement. Risk Management: 🛡️ While the technicals signal positive momentum, always exercise caution and implement effective risk management strategies. Set clear profit targets, consider protective measures like trailing stops, and stay informed about any market developments. Conclusion: In the dynamic realm of crypto, identifying potential bullish opportunities is essential. HIFIUSDT is currently showcasing promising signals, and traders may discover opportunities in the upcoming harmonic movement. Keep a vigilant eye on the charts for confirmation of the positive trend. Disclaimer: This analysis is for educational purposes only and should not be considered financial advice. Always conduct your research and consult with a financial advisor before making investment decisions. #HIFIUSDT #CryptoAnalysis #TechnicalAnalysis #BullishMovement #HiFiFinance #CryptoTrading #Blockchain #TradingView #UptrendPotential
Long
by ecchi_QMA
Reddit and Google Sealed $60 Million AI PartnershipReddit has sealed a landmark partnership with tech giant Google (GOOG), valued at a staggering $60 million annually. This strategic alliance marks a significant milestone in the realm of data integration and AI advancement, with far-reaching implications for both companies and the broader tech industry. At the heart of this transformative partnership lies Reddit's decision to grant Google ( NASDAQ:GOOG ) access to its data API, enabling real-time integration of Reddit's vast repository of user-generated content into Google's AI models. This move underscores Google's unwavering commitment to pushing the boundaries of AI innovation, leveraging Reddit's unique position as a hub of authentic, human conversations and experiences on the open internet. Rajan Patel, Vice President of Google ( NASDAQ:GOOG ), emphasized the deepening of the longstanding relationship between the two companies, citing Reddit's pivotal role as a platform fostering genuine human interaction. Patel expressed excitement about the collaborative efforts aimed at making Reddit's invaluable information more accessible and beneficial to users across Google's suite of products and services. For Reddit, this partnership represents a strategic opportunity to monetize its vast trove of user-generated content while also addressing user concerns regarding the commercial use of such data. By granting Google ( NASDAQ:GOOG ) access to its data API, Reddit stands to benefit financially, particularly as it gears up for its highly anticipated initial public offering (IPO). This strategic move not only enhances Reddit's valuation but also positions the platform as an attractive investment opportunity for potential investors. Google's aggressive pursuit of AI innovation has been evident in its recent product launches and initiatives in open-source AI development. By securing access to Reddit's data API, Google ( NASDAQ:GOOG ) gains a valuable source of training data, enabling it to refine its AI capabilities and search algorithms significantly. The partnership empowers Google ( NASDAQ:GOOG ) to leverage Reddit's rich insights into human behavior, preferences, and interactions, thereby bolstering its position as a leader in AI research and development. However, the road to this landmark partnership has not been without its challenges. Past disagreements between Reddit and Google ( NASDAQ:GOOG ) have underscored the complexities inherent in such collaborations. Nevertheless, both companies have demonstrated a shared commitment to overcoming these obstacles and forging ahead with a mutually beneficial partnership that promises to redefine the future of AI innovation. Partnerships like the one between Reddit and Google ( NASDAQ:GOOG ) are likely to become increasingly prevalent. By leveraging each other's strengths and resources, companies can drive innovation, accelerate technological advancements, and unlock new opportunities for growth and development.
NASDAQ:GOOG
by DEXWireNews
NCLH - Can this travel /cruise stock rise into earnings. LONGThe cruise line subsector is surging. Apparently Royal Carribean is doing better than Norweigan but both a having a busy 20214. Earnings are around the corner. On the 60 minute chart the lower anchored VWAP bands are all trending down as is price overall. Of late from underneather price has tested the mean VWAP line and than did a test of resistance at the first lower VWAP bandline where it still sits at the underside. The "Next Pivot" AI indicator suggests a hard uptrend heading into earnings. The RSI indicator shows both fast and slow lines under the 50 level. Based on everything here knowing earnings are coming ;they likely will be good with the AI indictor predicting a 7-8% jump in the run up to earnings. I am fairly smart but well aware not so much compared with the predictive modeling of an AI indicator with its lookback and pattern matching routines. I will take a long trade here confident that the risk has been somewhat mitigated by an AI indicator, industry trending and the chart itself.
NYSE:NCLHLong
by AwesomeAvani
Market Update - February 22, 2024 Increase in demand for spot bitcoin ETFs pushes BTC price to its highest level since December 2021: A record $2.5B flowed into bitcoin (BTC) ETFs, with BlackRock's IBIT and Fidelity's FBTC attracting $1.6B and $648M over the past week respectively. These growing inflows suggest demand is heightening for spot-based ETFs, and if this trend continues, investors could be eyeing new all-time highs for BTC later this year. Ether hits a short lived $3K amidst market speculation on an incoming ETH ETF approval: Ether (ETH) rose through the $3K mark for the first time since April 2022 as traders bet on the possibility of a spot ETH exchange-traded fund (ETF) approval in the U.S., a move that could significantly boost institutional appeal. Despite the swift pull back to the $2.9K level, the medium term outlook for ETH looks promising amidst market speculation on an ETH ETF approval with Franklin Templeton, BlackRock, Fidelity, Ark and 21Shares, Grayscale, VanEck, Invesco and Galaxy, and Hashdex having all submitted applications for an ETH ETF. AI-based crypto projects trend higher as NVDA becomes the third-most-valuable publicly traded company: Nvidia (NVDA), a world leader in artificial intelligence computing, outperformed Amazon (AMZN) and Google parent Alphabet (GOOG, GOOGL) last week, making it the third-most-valuable publicly traded company in the world. NVDA also posted strong earnings results Wednesday. Related to this news, interest in AI-based crypto projects was high this week, with Render (RNDR) and Akash Network (AKT) trading at record highs. OpenAI launches Sora, spurring interest in WLD, which saw a near 250% increase in the trading of its token: OpenAI’s launch of Sora, a text-to-video tool, appears to have encouraged trading in Worldcoin (WLD), the controversial crypto project that is also spearheaded by Sam Altman. Following the launch of WLD in 2023, Kenya suspended enrollments, and Hong Kong and French officials opened investigations into the project over privacy concerns. Investors seemed undeterred, despite these concerns, with the token trading up almost 250% from the start of the month to an all-time high of $8 on Monday. China battles back against weakening economic growth with key rate cut: Despite a ban on crypto trading and mining in 2021, Chinese investors have historically made up a significant portion of the overall crypto market. China’s increasingly accommodative economic policies, including the recent reduction in the five-year loan prime rate this week, will be important to watch as it could impact local Chinese investors’ attitudes towards crypto. 🤖 Topic of the Week: The Convergence of AI and Crypto 👉 Read more here
GEMINI:BTCUSD
by Gemini