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This AI Stock Jumped 241% This Year, and Wall Street Says It Could Gain Another 31%. Is That Realistic?

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This AI Stock Jumped 241% This Year, and Wall Street Says It Could Gain Another 31%. Is That Realistic?: https://g.foolcdn.com/editorial/images/735411/artificial-intelligence-ai-data-deep-processing.jpg

C3.ai (NYSE: AI) has been one of the biggest winners on the stock market this year, riding the surge of investor interest in all things artificial intelligence (AI).

Through June 6, the stock was up 241% year to date, but those gains haven't been smooth. Along the way, the AI enterprise software platform has been attacked by short-sellers, and it whiffed on its latest earnings report.

The stock fell 13% after it reported fiscal fourth-quarter earnings on May 31 as it offered tepid guidance for fiscal 2024, but one Wall Street analyst was singing the company's praises.

Source Fool.com

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