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Wall Street Analysts Are Bullish on This Artificial Intelligence (AI) Stock. Here's Why I'm Not

TheMotleyFool

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Wall Street Analysts Are Bullish on This Artificial Intelligence (AI) Stock. Here's Why I'm Not: https://g.foolcdn.com/editorial/images/787295/ai-chip.jpg

C3.ai (NYSE: AI) has been a tough stock to own over the past four years. The developer of artificial intelligence (AI) algorithms went public at $42 in December 2020, and its stock more than quadrupled to an all-time high of $177.47 just two weeks later. That rally was amplified by a social media-driven buying frenzy in growth and meme stocks.

But today, C3.ai trades at about $25. The AI stock lost its luster as its growth cooled off, it racked up more losses, and rising interest rates popped its bubbly valuations. Yet many Wall Street analysts are still bullish on this beaten-down stock.

Image source: Getty Images.

Source Fool.com

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