C3.AI Still Running, as Hoped

C3.AI (AI) is exploding, as we hoped.

On Jan. 30, we noted, “C3.ai was one of the hottest software stocks on the market. Now, after dropping about 60%, it’s one of the most undervalued – and still attractive. For one, there’s no shortage of demand for its products. It’s even solving what was once unsolvable for the U.S. military. For example, C3.ai was just awarded a $500 million contract with the Department of Defense (DoD) to help accelerate and strengthen its AI capabilities to counter current and future threats.”

At the time, C3.AI traded at around $16.80. Today, it’s up to $25.72.

And while it is technically overdue for a correction, pullbacks could be big opportunities. In fact, with the AI story only heating up, C3.AI could double, with patience.

The AI Market Could be Worth $1.8 Trillion, Says Grand View Research

Fueling the broader AI boom, OpenAI just released ChatGPT, a free chatbot that’s become wildly popular. For one, according to Medium.com, “One of the primary reasons ChatGPT is disruptive is that it represents a significant advancement in the ability of AI systems to understand and generate human-like text.” Two, “it has the potential to revolutionize the way we interact with AI.”

Even the White House and European Union are working to develop new AI tools. According to National Security Advisor Jake Sullivan: “This collaborative effort will drive responsible advancements in AI to address major global challenges with a joint development model and integrated research to deliver benefits to our societies through five key areas of focus: Extreme Weather and Climate Forecasting, Emergency Response Management, Health and Medicine Improvements, Electric Grid Optimization, and Agriculture Optimization.”