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Why C3.ai, Palantir, and Other AI Stocks Soared This Week

Danny Vena, The Motley Fool
·4-min read
Why C3.ai, Palantir, and Other AI Stocks Soared This Week

Stocks have been generally higher over the past week, even as investors considered the ongoing debt ceiling debate and what it means for the future of the broader market. In recent days, market participants have focused on advancements in artificial intelligence (AI) and what opportunities that represents for investors. With that as a backdrop, C3.ai (NYSE: AI) jumped 35.9% this week, Palantir Technologies (NYSE: PLTR) rose 21.9%, and SoundHound AI (NASDAQ: SOUN) jumped 13.7% as of 1:30 p.m. ET on Thursday.

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