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I remember looking at the company C3.ai, Inc. (NYSE: NYSE:AI) as a potential investment this past January because I am fascinated with both AI and how C3.ai is helping usher in the age of Artificial Intelligence
C3.ai: Buy When The Stock Dips
Summary
- C3.ai is helping usher in the age of Artificial Intelligence by helping companies build enterprise-scale AI applications.
- After the stock has dropped approximately 73% from its highs in February, the question is whether C3.ai is currently a buy after recently reporting earnings on Sept. 1.
- C3.ai has formed an intangible moat that involves both intellectual property and patents.
- Total revenue for the latest quarter reported on September 1, rose 29% year over year and the bottom line showed a net loss of $37.5 million which produced a loss of $0.37 per share.
- C3.ai would be a stock that I would be very interested in buying during a sell-off because I think the company is in the midst of a large and growing opportunity.
I have been a Merchant Seaman that has traveled the world for over 30 years. Within the last 15 years, I developed a very intense interest in investing. I learned a lot of what I know about investing from The MF. Also because I have a engineering background, I often tend to gravitate to Tech stocks
Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
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