C3.ai (NYSE: AI) reported better-than-expected fiscal fourth-quarter results yesterday afternoon, but AI stock is tumbling 15% because the company’s second quarter and full-year guidance came in significantly below analysts’ average estimates.
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Is Ai stock the next big move in investing?
C3.ai (AI) stock is getting a boost on Monday after ARK Invest CEO Cathie Wood singles out AI as the next big move in investing. The post AI Stock: 9 Things to Know About C3.ai as Cathie Wood Bets Big o...
How much is a share of AI worth?
One share of AI stock can currently be purchased for approximately $25.45. How much money does C3.ai make? C3.ai has a market capitalization of $2.67 billion and generates $183.22 million in revenue each year. How many employees does C3.ai have?
Is C3 AI stock getting carried away?
C3.ai Stock Rises on Defense Department Contract. Don’t Get Carried Away Just Yet. C3.ai Stock Continues to Slide. A Big Investor Sold a Large Block of Shares.
Is artificial intelligence (AI) an investment?
Artificial intelligence will be an investment precisely because of an economic slowdown, replacing a stalled workforce and even layoffs, and providing business advantages. Two primary beneficiaries are Nvidia and Micron due to their outsized contributions to AI. What do you think of when I mention the word recession?
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Why has C3 AI stock dropped?
C3.ai AI –5.01% shares are taking a beating Friday, pressured by a negative research note from Deutsche Bank DB +0.73% analyst Patrick Colville, who cut his rating on the stock to Sell from Hold, with a new price target of $18, down from $36.
Is AI stock a good investment?
May 9, 2022, at 4:18 p.m. AI stocks may be excellent long-term investments. The global artificial intelligence industry is expected to grow to $554 billion in total revenue by 2024, according to market research firm IDC. Virtually every industry is being disrupted by AI, automation and robotics.
Why is C3 AI stock going up?
Shares of enterprise artificial intelligence software firm C3.ai are higher on a strong fiscal-third-quarter report. C3.ai AI +5.07% stock is trading modestly higher after the provider of enterprise artificial intelligence software posted better-than-expected results for its fiscal third quarter ended Jan.
What is happening with c3ai?
(AI) Reports Q4 Loss, Tops Revenue Estimates. C3.ai, Inc. (AI) delivered earnings and revenue surprises of 27.59% and 1.47%, respectively, for the quarter ended April 2022.
Who is leading in AI technology?
IBMIBM has been a leader in the field of artificial intelligence since the 1950s. Its efforts in recent years center around IBM Watson, an AI-based cognitive service, AI software as a service, and scale-out systems designed for delivering cloud-based analytics and AI services.
Who has the best AI?
10 Best Artificial Intelligence Software (AI Software Reviews In...Comparison Table of AI Software.#1) Google Cloud Machine Learning Engine.#2) Azure Machine Learning Studio.#3) TensorFlow.#4) H2O.AI.#5) Cortana.#6) IBM Watson.#7) Salesforce Einstein.More items...•
Why did AI drop?
C3.ai couldn't sustain its price-to-sales ratio of 75, and the stock has since tumbled to $25. Investors have been disappointed by the company's growth, even though it expanded more than 40% in its most recent quarter. There are also major concerns about recent turmoil with C3.
Who is selling AI stock?
Palantir (PLTR) and IBM recently partnered to sell AI services. Research firm IDC estimates that IBM, Accenture and Infosys hold 28% of the $17 billion artificial intelligence IT services market, said a Susquehana Financial Group report. In addition, software companies are among artificial intelligence stocks to watch.
Is AI C3 a buy?
C3.ai is trading at a much more reasonable valuation today than it was at any point last year. The recent negative sentiment around growth stocks will hurt the stock over the short to medium term, and the stock could reasonably fall another 50% from current levels.
Who are competitors of C3 AI?
ai's competitors. C3. ai's top competitors include Aibee, ASAPP, SAP National Security Services, Qubole, MathWorks, SparkCognition and Alteryx. C3.ai is an enterprise AI software provider for accelerating digital transformation.
What will C3 AI be worth?
C3. ai's current market capitalization is $2.4 billion. That puts its valuation at 11.15x trailing 12-month (TTM) sales of $210 million.
How much cash does C3 AI have?
Cash Reserves: With $992.2 million in cash, cash equivalents, and investments, we believe C3 AI is well positioned to sustain equity market turbulence and to continue to invest in growth through Enterprise AI innovation and sales expansion.
Should I buy or sell C3.ai stock right now?
9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for C3.ai in the last twelve months. There are currently 3 sell ratin...
What is C3.ai's stock price forecast for 2022?
9 Wall Street analysts have issued 12-month target prices for C3.ai's stock. Their forecasts range from $13.00 to $28.00. On average, they predict...
How has C3.ai's stock performed in 2022?
C3.ai's stock was trading at $31.25 at the beginning of the year. Since then, AI shares have decreased by 42.8% and is now trading at $17.89. View...
Are investors shorting C3.ai?
C3.ai saw a decrease in short interest in May. As of May 31st, there was short interest totaling 14,070,000 shares, a decrease of 14.7% from the Ma...
When is C3.ai's next earnings date?
C3.ai is scheduled to release its next quarterly earnings announcement on Wednesday, September 7th 2022. View our earnings forecast for C3.ai .
How were C3.ai's earnings last quarter?
C3.ai, Inc. (NYSE:AI) released its earnings results on Wednesday, June, 1st. The company reported ($0.55) earnings per share (EPS) for the quarter,...
What guidance has C3.ai issued on next quarter's earnings?
C3.ai issued an update on its first quarter 2023 earnings guidance on Wednesday, June, 8th. The company provided earnings per share (EPS) guidance...
Who are C3.ai's key executives?
C3.ai's management team includes the following people: Mr. Thomas M. Siebel , Founder, CEO & Chairman (Age 69, Pay $5.65k) ( LinkedIn Profile )...
Who are some of C3.ai's key competitors?
Some companies that are related to C3.ai include Microsoft (MSFT) , Oracle (ORCL) , ServiceNow (NOW) , VMware (VMW) , Fortinet (FTNT) , Axon...
When will C3 AI release its financial results?
REDWOOD CITY, Calif.-- (BUSINESS WIRE)--C3 AI (NYSE:AI), a leading provider of enterprise AI software, announced it will release its financial results for the fourth quarter and full year fiscal 2021, wh...
How much will C3.AI make in 2021?
In 2021, C3.ai's revenue was $183.22 million, an increase of 16.95% compared to the previous year's $156.67 million. Losses were -$55.70 million, -19.72% less than in 2020.
What is C3 AI?
REDWOOD CITY, Calif.-- (BUSINESS WIRE)--C3 AI (NYSE:AI), the Enterprise AI application software company, today announced that C3 AI® Ex Machina, its no-code solution that anyone can use to generate actio...
When is C3.AI's fourth quarter?
(NYSE: AI), the Enterprise AI application software company, today announced results for its fiscal fourth quarter and the full year ended April 30, 202...
Is C3.AI stock going to gain momentum?
C3.ai has had a difficult year as the pandemic disrupted its sales process. However, AI stock is starting to gain momentum once again.
Is C3.AI a high growth stock?
C3.ai is a high-priced growth stock that could still move higher. AI stock is worth at least 17% more at $58 per share given its high growth and existing contracts.
What is the main thesis of owning AI?
The main thesis to own AI has been as follows. AI aims to bring on large companies from various sectors.
Is C3.AI a pure play company?
C3. ai ( AI) is a pure-play artificial intelligence company. That's the kind of story that you'd think would attract great investor attention, and it did, at least in the beginning of its life as a public company. The stock soared to the stratosphere in the months following its initial public offering, but now trades barely above its offering price. The lower valuation makes the bullish thesis more appealing - that thesis revolves around the company's ability to bring on more reselling partners of its AI software. I rate shares a buy for long-term minded investors.
Is AI A Buy?
Yet is the stock finally cheap enough? I can at least say with certainty that the stock is much cheaper since my last report, especially after it has materially grown revenues and fallen steeply. As of recent prices, the stock trades around 19x this year's sales.
