Since the beginning of 2023, investors have been mesmerized by developments in artificial intelligence (AI). The advances demonstrated by next-generation chatbots, including ChatGPT, helped illustrate the enormous potential of AI, which many believe will (eventually) impact every industry and sector.

The opportunity for enormous gains in the space has investors flocking to AI-related investments, resulting in triple-digit gains for several high-profile AI stocks.

C3.ai (NYSE: AI) seemed to be the poster child for that fervor. Even as the company struggled with macroeconomic challenges, its stock has soared as much as 293% since the beginning of 2023 heading into its financial release.

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Source Fool.com