Will C3.ai Be a Trillion-Dollar Stock by 2050?
C3.ai (NYSE: AI) attracted a stampede of bulls upon its public debut on Dec. 9, 2020. The enterprise artificial intelligence (AI) software provider caught the market's eye with its catchy ticker symbol, rapid growth, and the fact that Tom Siebel -- who previously sold Siebel Systems to -- was its founder and CEO.
C3.ai went public at $42, but it opened at $100 and soared to an all-time high of $177.47 on Dec. 22. At its peak, its enterprise value hit $16.7 billion -- or 91 times the revenue it would generate in fiscal 2021 (which ended in April 2021).
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Source Fool.com
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