Should You Forget C3.ai and Buy These 2 AI Stocks Instead?

C3.ai (NYSE: AI) went public at $42 on Dec. 9, 2020, started trading at $100, and soared to an all-time high of $177.47 just two weeks later. Investors were initially impressed by its enterprise AI algorithms -- which could be plugged into a large organization's existing software to automate and accelerate certain tasks -- and its rapid growth rates. Its ticker symbol also contributed to its popularity as a meme stock.But as of Monday, C3.ai's stock was trading below its IPO price in the $38 to $40 range. The bulls retreated as its growth cooled off, it racked up steep losses, and rising interest rates popped its bubbly valuations. After growing its revenue at a compound annual rate of 40% from its fiscal 2019 to its fiscal 2022, its revenue only rose by 6% in its fiscal 2023 (which ended April 30, 2023) as macro headwinds and pessimism drove many companies to rein in their spending.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool