2024-06-11 06:39:00 ET
C3.ai (NYSE: AI) is a polarizing artificial intelligence (AI) stock. It saw a lot of enthusiasm in early 2023, but that has since evaporated as the stock sits more than 30% off its highs established in 2023. However, that figure used to be as low as 55% in April, so the stock is gaining some enthusiasm again.
Part of that has been C3.ai's results as some parts of its business are beginning to prove doubters wrong. But is this enough to persuade more investors to buy this stock?
C3.ai has evolved quite a bit as a company since its founding in 2009. It has gone from an energy management to an Internet-of-Things (IoT) to an AI applications business. However, its latest shift has been into generative AI , which management believes will "change everything."
For further details see:
Did C3.ai Just Become a Top Artificial Intelligence (AI) Stock to Buy?