Could C3.ai Stock Help You Retire a Millionaire?
C3.ai (NYSE: AI) was one of the market's hottest tech IPOs when it went public four years ago. The enterprise artificial intelligence (AI) software provider went public at $42 a share, and its stock more than quadrupled to a record high of $177.47 in less than a month.
Yet by the end of 2022, C3.ai's stock had sunk to about $10 a share. It lost its luster as its revenue growth cooled off, it racked up steep losses, and investors fretted over its customer concentration issues. It's bounced back to about $38 over the following two years, but it's also struggled to rise above its IPO price again.
C3.ai probably hasn't minted any new millionaires since its public debut. But could this divisive company prove the bears wrong and generate millionaire-making gains over the next few years?
Source Fool.com
