Only one of these three AI giants is higher today
The week kicked off with more tariff updates and threats, specifically against those who align with what President Donald Trump dubbed "Anti-American" policies from the Brazil, Russia, India, China, and South Africa (BRICS) bloc. Below, let's take a look at how artificial intelligence (AI) names are faring amid the market turmoil.
CoreWeave Inc (NASDAQ:CRWV) stock is down 4.1% at $158.50 at last check, as it continues to fail to conquer the $160 level, though it still sports an over 218% three-month lead. Earlier today, news broke that the company will purchase crypto miner Core Scientific (CORZ) for $9 billion. CRWV began trading in late March with an initial public offering (IPO) of $40.
Also swimming in red ink is C3.ai Inc (NYSE:AI) stock, off 1.2% to trade at $25.44 at last glance. Despite a recent pivot higher, AI is once again pulling back to the ascending 50-day moving average. And while the tech stock remains 46% above its April bottom of $17.03, it now sports a year-to-date loss of 26%.
SoundHound AI Inc (NASDAQ:SOUN) stock is faring much better, last seen up 2.6% to trade at $11.38. SOUN sports a 170% year-over-year lead and could today nab its highest close since late May. Plus, the $9 region has been a solid level of support over the last few months.