US Stock Market Move | C3.ai (AI.US) surged more than 16% after announcing a strategic alliance with Microsoft Corporation (MSFT.US).

On Tuesday, the stock price of C3.AI (AI.US) rose, with the stock up more than 16% to $30.8 as of the time of writing. In terms of news, the company announced a strategic alliance with Microsoft Corporation (MSFT.US) to accelerate the adoption of enterprise AI applications on Microsoft Azure.