C3.ai (NYSE: AI) endured a lot of volatility in 2024. After a subdued start to the year, shares of the pure-play provider of enterprise artificial-intelligence (AI) software rocketed higher toward the end of February following the release of the company's fiscal 2024 third-quarter results (for the three months ended Jan. 31).

The stock shot up more than 25% in a single day as it delivered a beat-and-raise quarter. The company's results showed that it could indeed capitalize on the growing need for AI software with its solid momentum. However, the gains were short-lived, and shares tumbled 32% since the beginning of March and are now down 12% in 2024.

Is C3.ai's pullback an opportunity for savvy investors in anticipation of solid gains over the next five years? Let's find out.

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Source Fool.com