Is C3.ai Stock a Buy Now?
Investors cannot get enough of artificial intelligence (AI). Start-ups like Anthropic and OpenAI that just started generating revenue a few years ago are now being valued over $100 billion, with hundreds of billions of dollars being planned to spend on AI data centers in the United States. However, one AI stock lagged this trend, and it literally has AI as its name and ticker symbol. Enterprise software provider C3.ai's (NYSE: AI) stock is down 21% this year and off 85% from all-time highs.
And yet, revenue is growing at a quick pace, with guidance for record revenue generation this fiscal year. Does that make C3.ai stock a buy today?
C3.ai wants enterprises and government organizations to adopt its suite of AI software tools to help with big data analysis and company management. It has C3.ai Applications, AI Platform, AI ex Machina, and AI CRM as existing solutions sold to clients. Yes, as you can tell, it loves to use AI whenever it gets the chance.
Source Fool.com
