2023-12-21 09:10:00 ET
C3.ai (NYSE: AI) is a pure-play artificial intelligence (AI) business. It helps provide AI solutions to companies in various industries, which suggests it should benefit from more businesses showing an interest in AI this year.
But the company's performance doesn't appear to suggest that, at least not yet. Coming off another disappointing quarterly result, shares of C3.ai continue to fall. Has this become a cheap AI stock to own, or are there too many problems to make this an investment worth taking a chance on today?
On Dec. 6, C3.ai posted its second-quarter numbers for the period ending Oct. 31. And while the company's top line increased by 17% to $73.2 million, its bottom line actually got worse . The increase in revenue was more than offset by rising expenses.
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C3.ai's Struggles Continue. Is the Stock in Trouble or a Bargain Buy?