C3.ai Stock News

Investors cannot get enough of artificial intelligence (AI). Start-ups like Anthropic and OpenAI that just started generating revenue a few years ago are now being valued over $100 billion, with hundreds of billions of dollars being planned to spend on AI data centers in the United States.

Back in late 2020, C3.ai (AI 1.23%) made its debut on the public markets with a lot of hype, trading at a market cap of $15 billion. It worked to be an artificial intelligence (AI)-themed stock before the AI revolution took hold a couple of years later.

C3.ai (AI -0.67%) was once a hot artificial intelligence (AI) stock. Back in December 2020, it more than quadrupled from its initial public offering (IPO) price of $42 to a record high of $177.47 in just two weeks.

Palantir's (NASDAQ: PLTR) stock price has experienced an impressive run over the past year, driven by its increasing role in the artificial intelligence (AI) sector. Indeed, PLTR shares have surged more than 406% over the past 12 months, trading at $142 as of press time.

Shares of C3.ai (AI -2.01%) pulled back through the first half of the year The software-as-a-service (SaaS) company bills itself as offering "AI for the Enterprise" as well as AI-based application software. It continued to post wide losses in its earnings report and fell sharply in February as business and consumer sentiment began to weaken on fears of a trade war.

C3.ai has pivoted from custom projects to scalable AI applications, expanding its customer base and driving consistent double-digit revenue growth. Strategic partnerships with Microsoft, AWS, and Google Cloud have accelerated deal flow and market reach, with partner-supported bookings up over 400%. Despite strong revenue growth and a robust cash position, profitability remains a risk.

C3.ai (AI -2.08%) is one of the most talked-about artificial intelligence (AI) stocks on the market today. With a platform purpose-built for enterprise customers, early traction in generative AI, and expanding partnerships with cloud and consulting giants, the company checks many of the right boxes for investors looking to gain exposure to the AI megatrend.

Artificial intelligence is likely the most significant tech trend of the decade, and C3.ai (NYSE: AI) is one of the few pure-play public companies well positioned to benefit from it directly.