C3.ai Stock Jumps 11% on Broader Market Optimism Despite Recent Revenue Shortfalls
• C3.ai stock jumped 10.8% due to broader market optimism and the “Santa Claus rally” phenomenon
• The Fed signaling potential rate cuts in 2024 has fueled a "soft landing" economic scenario
• C3.ai shares are very volatile, with 74 moves over 5% in the past year
• The company recently reported disappointing Q2 results with revenue below estimates
• Transition to consumption-based pricing is hurting revenue growth in the short-term but provides customer flexibility