Shares of C3.ai (NYSE: AI) are on a tear this year thanks to the hype surrounding artificial intelligence (AI), which delivered massive gains to investors who bought it at the end of 2022.

C3.ai more than tripled in 2023 so far. However, the stock pulled back significantly on June 23 after investors weren't wowed by management's comments during the company's investor day. Shareholders were disappointed by how fast it is improving its sales pipeline, having expected more from it. Shares of C3.ai have remained subdued since then, but this could be an opportunity for savvy investors to buy this high-flying AI stock because it seems capable of delivering more upside.

Let's look at the reasons why C3.ai stock could turn out to be a solid long-term pick, and also check how much upside it could deliver.

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Source Fool.com