Why Did C3.ai Stock Climb 150% Last Year?
C3.ai(AI) The Motley Fool·2024-01-16 04:36
Shares of C3.ai (AI -4.20%) rose 156.6% in 2023, according to data from S&P Global Market Intelligence. The company took advantage of surging demand for artificial intelligence technology, and its revenue growth rate reaccelerated after slowing down throughout 2022. Those positive operational developments combined with favorable market forces to create some momentum that drove C3.ai higher. However, there was also some discouraging news, and investors should understand the risks before piling on the AI band ...