Close
On September 30, 2024, Vanguard Group Inc acquired 965,738 shares of C3.ai Inc, increasing its total holdings to 12,489,440 shares. This strategic investment, priced at $24.23 per share, reflects Vanguard's commitment to the technology sector, particularly in artificial intelligence. The move positions Vanguard to capitalize on the growth potential within the AI industry.
C3.ai Inc specializes in SaaS applications for enterprise AI, and despite recent stock declines, it is considered modestly undervalued. Vanguard's increased stake now represents 10.11% of C3.ai's total shares, aligning with its long-term investment strategy in innovative technology sectors. This acquisition not only enhances Vanguard's portfolio but also signals confidence in C3.ai's future growth prospects.
• Vanguard increased its stake in C3.ai to 10.11% of total shares.
• C3.ai is considered modestly undervalued with a GF Value of $27.87.
C3.ai provides SaaS applications that facilitate the rapid development of enterprise AI solutions.
C3.ai's GF Value of $27.87 suggests it has potential for growth despite current market challenges.
C3.ai's market cap of $3.05 billion reflects its position in the AI industry.
C3.ai's focus on expanding its offerings positions it well in the growing AI market.
Vanguard's strategic acquisition of C3.ai highlights its commitment to investing in high-growth technology sectors.
Insider Monkey on MSN.com 9month
Insider Monkey on MSN.com 9month
YAHOO!Finance 14month
The Motley Fool on MSN.com 11month
Isomorphic Labs, the AI drug discovery platform that was spun out of Google's DeepMind in 2021, has raised external capital for the first time. The $600
How to level up your teaching with AI. Discover how to use clones and GPTs in your classroom—personalized AI teaching is the future.
Trump's Third Term? AI already knows how this can be done. A study shows how OpenAI, Grok, DeepSeek & Google outline ways to dismantle U.S. democracy.
Sam Altman today revealed that OpenAI will release an open weight artificial intelligence model in the coming months. "We are excited to release a powerful new open-weight language model with reasoning in the coming months," Altman wrote on X.
Log in
Sign Up
AI Tools - Popular
AI Tools - Categories
GPTs - Categories
AI for Jobs
Key AI Highlights in this Article
Key AI Terms Mentioned in this Article
Companies Mentioned in this Article
