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Here's Why I'm Not Buying the Dip on This Beaten-Down AI Stock

TheMotleyFool

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Here's Why I'm Not Buying the Dip on This Beaten-Down AI Stock: https://g.foolcdn.com/editorial/images/744286/artificial-intelligence-ai-data-deep-processing-3.jpg

Enterprise software company C3.ai (NYSE: AI) has ridden the hype for artificial intelligence (AI) to impressive lengths in 2023. Share prices are up nearly 160% since January. However, they've fallen roughly 35% since the start of August as the red-hot tech sector catches its breath.

But I'm not interested in buying shares of C3.ai despite the recent pullback. When you look at the company, some red flags stand out that should make investors think twice before risking their hard-earned money on this tech growth stock.

Here is why C3.ai is not the AI stock to put your money behind.

Source Fool.com