C3 AI shares jumped Tuesday as the company expanded its partnership with Microsoft to speed adoption of its enterprise AI software. C3 AI ( AI) shares surged Tuesday as the company expanded its partnership with Microsoft ( MSFT) in an effort to accelerate the adoption of its ​​ artificial intelligence (AI) software on Microsoft Azure.

C3.ai announced on Monday that Microsoft will extend its partnership and provide cloud computing services through Azure to the enterprise artificial intelligence company, and C3.ai stock soared. Microsoft and C3.

C3.ai stock is currently down 83% from its all-time high, which was set during the tech frenzy in late 2020. It was unquestionably overvalued back then, with its price-to-sales (P/S) ratio surging to around 80.

Shares of the leading enterprise AI application software company, C3.ai (AI), jumped over 24% on Nov. 19 following the announcement of an expanded partnership with Microsoft (MSFT). This strategic alliance aims to accelerate the adoption of enterprise AI solutions on Microsoft Azure,

C3.Ai Inc (NYSE:AI) shares are trading higher Tuesday after the company announced a strategic alliance with Microsoft Corp (NASDAQ:MSFT) to accelerate enterprise AI adoption.

At its Ignite conference in Chicago, Microsoft (MSFT) unveiled a comprehensive suite of cloud and AI advancements, including a strategic alliance with C3.AI (AI) that signals the company's commitment to artificial intelligence innovation.