The S&P 500 Just Hit an All-Time High, but This Stock Is Down 84%. Here's Why It's a Buy Hand Over Fist
The S&P 500 index set a new all-time high in January, marking the official beginning of a new bull market. It has been on the rise since October 2022, when it finally bottomed after falling more than 20% (and into bear market territory).
But not every stock has followed the broader market to set record highs. C3.ai (NYSE: AI) rode the artificial intelligence (AI) wave in 2023, which sent its stock soaring 156%, but it's still trading 84% below its best-ever levels from 2020.
There is plenty of substance behind the hype for C3.ai's enterprise AI business, and the company recently showed a strong acceleration in its revenue growth. I think that trend will continue, which is why the steep discount in C3.ai stock could represent a fantastic buying opportunity.
Source Fool.com