Down Over 40% This Year, Is C3.ai Stock Too Cheap to Pass Up?

C3.ai (NYSE: AI) stock has been in a tailspin this year as fears related to a recession have been on the rise. A slowdown in spending could result in companies slashing budgets for investments, including artificial intelligence (AI) projects. And for a business such as C3.ai, which provides AI solutions, the worry is that may slow down its growth.Year to date, the stock is now down more than 40% as of Monday's close. Investors have been aggressively dumping shares of the company. But with much more growth still out there, could now be a good time to buy C3.ai stock, while it's trading near its low for the year?C3.ai makes it easy for companies to deploy AI through its turnkey applications. Instead of spending aggressively on research and development, companies can rely on C3.ai's applications to do the work, which can speed up deployment and allow companies to easily see the benefits of AI-related projects.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool