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What is with C3.ai surge?

I realize that we are in the midst of AI hype but what is with the massive surge in this stock recently? Do people mistake this stock for private company openai because the ticker is AI? My dad was all bullish on this stock recently because he thought it was openai until I corrected him. Is this company actually doing anything of meaning or is it all hype? $C3.ai (AI.US)$
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