Could C3.ai Stock Help You Become A Millionaire?
C3.ai (NYSE: AI) has been a volatile and divisive stock ever since its public debut in Dec. 2020. The enterprise artificial intelligence (AI) software company priced its IPO at $42, and its stock more than quadrupled to an all-time high of $177.47 that same month. Investors were initially drawn in by its rapid revenue growth and catchy ticker symbol.
At its peak, C3.ai's enterprise value hit $16.7 billion, or 91 times the revenue it would actually generate in fiscal 2021 (which ended on April 30, 2021). That bubbly valuation became unsustainable as its growth cooled off, it racked up more losses, and rising interest rates broadly drove investors away from speculative tech stocks.
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Source Fool.com
