C3.ai Is Down 58%, but Here's Why I'm Still Not Buying the AI Stock
C3.ai (NYSE: AI) has grown its business by bringing artificial intelligence (AI) capabilities to multiple organizations. The company developed more than 40 industry-specific solutions to help entities address their AI needs.Despite offering such benefits, the stock has fallen by 58% since peaking in December, and the considerable discount on this stock has not persuaded me to buy. Given the company's challenges, I see C3.ai as an AI stock investors should continue to avoid, and here's why.Admittedly, the case for C3.ai could look bullish on the surface. Through the company's enterprise software, entities can develop and implement AI applications quickly. Also its industry-specific solutions appear to have helped it build critical partnerships, and enabling customers to capitalize on generative AI has likely strengthened such ties.Continue reading
C3.ai (NYSE: AI) has grown its business by bringing artificial intelligence (AI) capabilities to multiple organizations. The company developed more than 40 industry-specific solutions to help entities address their AI needs.
Despite offering such benefits, the stock has fallen by 58% since peaking in December, and the considerable discount on this stock has not persuaded me to buy. Given the company's challenges, I see C3.ai as an AI stock investors should continue to avoid, and here's why.
Admittedly, the case for C3.ai could look bullish on the surface. Through the company's enterprise software, entities can develop and implement AI applications quickly. Also its industry-specific solutions appear to have helped it build critical partnerships, and enabling customers to capitalize on generative AI has likely strengthened such ties.
