Why This Year Could Be a Big One for C3.ai
The excitement surrounding C3.ai (NYSE: AI) stock has been waning in recent weeks with shares giving back some of the gains they have generated thus far in 2023. But year to date, it's still up over 200%.
The major test for C3.ai will be how well the business does in the current fiscal year now that artificial intelligence (AI) is at the forefront of many investors' minds, and companies of all kinds are showing an interest in it. Here's why fiscal 2024 could be a big year for C3.ai.
By the end of fiscal 2024 (which ends on April 30, 2024), C3.ai plans to achieve adjusted profitability, and to be doing so sustainably (i.e., not just due to a one-time gain or some other nonrecurring income item).
Source Fool.com
