Can C3.ai Stock Skyrocket From Here?
C3.ai (NYSE: AI) has been the target of some popularity, mainly because its name includes the abbreviation "AI," short for artificial intelligence.
The stock is up an incredible 260% this year alone, but many think it has room to skyrocket even past that. So should you hop on the C3.ai ride? Or are you playing with fire by investing in it?
C3.ai provides plug-in AI solutions for its clients. With products that can help manage supply chains, implement predictive maintenance, or analyze financial transactions to detect money laundering, C3.ai has a wide variety of applications. Still, its largest customer base remains in the oil and gas field, making up 34% of total bookings (bookings are a forward-looking metric) in fiscal 2023, which ended April 30.
Source Fool.com
