Is C3.ai Stock a Buy Now?
Shares of C3.ai (NYSE: AI) have set the market on fire in 2023, with outstanding gains of about 180% as of this writing. But the pure-play artificial intelligence (AI) enterprise software company has lost steam of late.
The stock has slipped in the past month, which seems surprising as there has been no company-specific news that should have led to the drop. Of course, there has been chatter on Wall Street comparing the eye-popping surge in AI stocks to a bubble about to pop, and so this may have negatively impacted the stock.
But C3.ai stock is now available at a relatively cheap valuation. Should investors consider taking advantage of its pullback and buy this AI stock? Let's find out.
Source Fool.com
