Shares of Matterport (NASDAQ: MTTR) jumped 44.2% in November, according to data from S&P Global Market Intelligence. The primary catalyst for the spacial data company stock's rise was likely investor enthusiasm about its potential to be a major player in the metaverse. Since going public in July via a special purpose acquisition company, Matterport stock has gained 97% through Dec. 2. Read More...
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Why C3.ai Stock Got Clobbered on Thursday
Shares of C3.ai (NYSE: AI) tumbled out of the gate Thursday, plunging as much as 18.7%, though the stock recovered somewhat, ending the day down just 11.2%. For the fiscal second quarter (ended Oct. 31), C3.ai delivered revenue of $58.3 million, up 41% year over year, driven by subscription revenue of $47.4 million, up 32%. The company’s remaining performance obligation (RPO), which consists of contractually obligated sales that have yet to be recognized as revenue, surged to $465.5 million, up more than 74% year over year, suggesting that business will continue to thrive for the foreseeable future.
