2024-06-04 05:27:07 ET
Summary
- C3.ai's business continues to grow, driven by its expanding portfolio of applications and transition to a consumption-based business model.
- While current growth is strong, much of this is a mechanical outcome of its business model transition.
- While C3.ai is now looking fairly fully valued, improving growth should see the stock continue to move higher.
- Longer term, I remain skeptical of C3.ai's solutions and the company's ability to generate profitable growth.
C3.ai's ( AI ) business continues to gather steam as it expands its portfolio of AI applications and the transition to a consumption-based business model matures. While this is positive from a growth perspective, C3.ai's losses are large, and the company's competitive position is questionable....
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C3.ai: Path Of Least Resistance Is Up