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C3.ai Newsroom
U.S. stocks closed | S&P, Dow hit new highs again; the China concept index soared over 9% to a two-year high, jd.com surged 14%, pdd holdings rose over 11%.
Unexpectedly sharp drop in US consumer confidence caused a decline in US bond yields and the US dollar, with US stocks initially turning lower followed by a sharp rise. Nvidia rose by about 4%, China concept stocks index surged over 9% to a four-month high and the largest increase in about two years, Bilibili rose by 17%, JD.com rose by nearly 14%, Pinduoduo, Xpeng, Nio, and Li Auto all rose by over 11%. Industrial giant Caterpillar hit a new high, European and American mining, casino, automotive, and luxury goods stocks rose, offshore renminbi rose nearly 600 points from the daily low to touch 7.01 yuan during the session.
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RUDER FINN AND RAGAN SURVEY EXPOSES DIVIDE IN AI ADOPTION, USAGE AND OUTLOOK FOR INTERNAL COMMUNICATIONS
US stocks closed | The three major indexes rose together, with the Dow and S&P hitting new highs again, Tesla surged nearly 5%, Intel rose over 3%; Miniso fell more than 16%.
US manufacturing PMI hits 15-month low, but service prices increase, with several Federal Reserve officials sending mixed signals but all confirming further rate cuts. US stocks rose across the board except for small caps, with Chinese concept stocks index briefly up 2.5% and nvidia closing higher after a 1% drop, while intel and li auto inc rose by about 3%. Poor economic situation in Europe boosts expectations of rate cut by the ECB, as the yield curve of German bonds no longer inverted. Offshore yuan plunges by 230 points to briefly breach 7.06 yuan, oil prices drop by 2% before trimming losses by half.
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U.S. stock market closing | The 'Triple Witching Day' saw violent fluctuations in the final trading hour, with the Dow hitting a new all-time high; Intel surged in the final hour, gold reached a new high, and the offshore RMB rose by 300 points.
The Dow Jones hit a new high, while small-cap index fell more than 1% after seven consecutive gains, and the S&P briefly stopped falling in late trading. The Dow rose 1.6% for the week, the Nasdaq rose 1.5%, and energy stocks drove the S&P up 1.4%, the fifth consecutive weekly gain in six weeks, with small-cap stocks rising more than 2% and China concept stocks rising nearly 4% for the week.
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US stocks close | Nasdaq rose 2.5%, Dow Jones, S&P hit record highs; chip stocks, Chinese concept stocks shine, Tesla rose more than 7%, Nvidia rose nearly 4%
The US unemployment benefits data strengthens expectations of an economic soft landing, with the Dow Jones breaking the 0.042 million point mark for the first time and the S&P closing above 5700 points for the first time. The Nasdaq rose 3% at one point, the chip index rose 5.7% at one point, the bank index rose nearly 3%, and the Chinese concept index rose over 4%.
Silicon Valley Credit Union, Star One, Taps Boost.ai to Improve Member Experiences
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C3.ai's Chief Says It's a "Mathematical Certainty" That the Company Will Be Profitable. But a Closer Look at the Numbers Says Something Else.
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China International Capital Corporation: AI+ code is a practical and commercially leading AI application scenario.
China International Capital Corporation believes that the improvement of AI application capabilities relies on both the enhancement of model capacity and the deep understanding of application scenarios and accurate grasp of customer needs.
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