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C3.ai (NYSE:AI) stock is getting a boost on Monday after ARK Invest CEO Cathie Wood singles out artificial intelligence (AI) as the next big move in investing.

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Heres what Wood had to say on the matter at the Milken Institute conference in October, as reported by MoneyWise

We were assuming that in the next 10 years, artificial intelligence would deliver, in the enterprise software space, a market cap opportunity of $30 trillion. Our new number is $80 trillion. We think that is the big new frontier.

With Wood taking such a strong stance on AI, investors are flocking to companies in the space. That includes C3.ai, which has seen some 2.5 million shares change hands as of this writing. Thats just shy of its daily average trading volume of 2.7 million shares.

Now that you know why AI stock is rising today, lets jump into the details about the company.

AI stock was up 3.3% as of Monday morning but is down 59.3% since the start of the year.

Theres more of the most recent stock market news below!

Weve got all the latest stock news for Monday that traders need to know about. That includes the news that has shares of Gores Guggenheim(NASDAQ:GGPI), Akerna(NASDAQ:KERN), and Oatly(NASDAQ:OTLY) on the move. You can find more of this info at the following links!

On the date of publication, William Whitedid not have (either directly or indirectly) any positions in the securities mentioned in this article.The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines.

Article printed from InvestorPlace Media, https://investorplace.com/2021/11/ai-stock-9-things-to-know-about-c3-ai-as-cathie-wood-bets-big-on-artificial-intelligence/.

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AI Stock: 9 Things to Know About C3.ai as Cathie Wood Bets Big on Artificial Intelligence - InvestorPlace