Is C3.ai a Buy?
With the release of ChatGPT, artificial intelligence has again become a hot topic for investment. One of the hottest AI stocks has arguably been C3.ai (NYSE: AI), a 14-year old tech company that went public in late 2020 at $42 per share.
Today, the stock trades at about half of that value, despite having nearly doubled since the beginning of the year. C3.ai took its hits because of slowing revenue growth and widening losses, but rocketed higher this month after announcing the launch of a "generative AI" product suite that was like ChatGPT, but for enterprise search. Businesses will be able to quickly locate, retrieve, and present data from across their entire enterprise.
It was a timely announcement by C3.ai, given all the interest in OpenAI's chatbot, and the tech company said it was going to incorporate ChatGPT into future iterations of its products. But is that enough to warrant an investor putting money into the stock? Let's look closer to find out.
Source Fool.com
