Why Are AI Stocks AI, BBAI, GFAI, SOUN Up Today?


  • Artificial intelligence (AI) stocks are undergoing a rally on Monday!
  • This continues a rally that started last week.
  • Traders are betting big on AI stocks lately.
AI Stocks - Why Are AI Stocks AI, BBAI, GFAI, SOUN Up Today?

Source: shutterstock.com/Peshkova

Artificial intelligence (AI) stocks are rallying higher on Monday as investors continue to be on the future of the market.

AI has been of interest to traders lately with several companies announcing pushes into the space. That has investors excited as many believe the practical uses of AI could mean major money for corporations.

This started off a rally last week with several AI stocks gaining at that time. Today’s rally appears to be a continuation of that with several AI stocks heading higher today. There’s also more recent news that could explain to rally.

Among them is Alphabet’s (NASDAQ:GOOGL, NASDAQ:GOOG) Google preparing a special AI presentation later this week. Investors will want to tune in on Wednesday for more details. We know the tech company is focusing on AI with a new startup and also wants to challenge ChatGPT.

Let’s get into the AI stocks climbing higher today below!

AI Stocks Up On Monday

  • C3.ai (NYSE:AI) stock starts us off today with a 5.6% gain this afternoon.
  • BigBear.ai Holdings (NYSE:BBAI) shares are next with the stock climbing 8.4%.
  • Guardforce AI (NASDAQ:GFAI) stock saw a rally this morning before giving up those gains later in the day.
  • SoundHound AI (NASDAQ:SOUN) shares are sitting nearly 27% higher as of this writing.

Investors looking for more hot stock market news today will want to stick around!

InvestorPlace is home to all of the latest stock coverage traders need to know about on Monday! That includes everything happening with Tesla (NASDAQ:TSLA) stock, Protocol Labs layoffs, and more. All of that news is ready to go below!

More Monday Stock Market News

On the date of publication, William White did 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.com Publishing Guidelines.

Article printed from InvestorPlace Media, https://investorplace.com/2023/02/why-are-ai-stocks-ai-bbai-gfai-soun-up-today/.

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