Topic: How To Invest

Q: Pat, can I get your recommendation on C3.ai? It looks interesting and I believe its founder has a good track record. Thanks for all your advice over the years.

Article Excerpt

A: C3.ai Inc., $86.44, symbol AI on New York (Shares outstanding: 97.4 million; Market cap: $8.4 billion; www.c3.ai) makes software for corporations to speed up their deployment of artificial intelligence (AI) applications. On December 9, 2020, the company’s shares began trading at $42 on New York, following its IPO. After the IPO, C3.ai’s shares shot up to as high as $183.90. The stock has since moved down along with many tech stocks. However, we think the shares will rebound and move higher. C3.ai’s software solutions fall into two primary groups: The C3 AI Suite, the company’s main technology, offers comprehensive application-development software. It lets customers rapidly design, develop, and deploy corporation-wide AI applications of any type. Meanwhile, C3 AI Applications include a large and growing family of industry-specific and application-specific AI solutions that can be immediately installed and deployed. In addition to its artificial intelligence applications, the company also offers a set of pre-built AI software tools. They let corporations sift through large amounts of…