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.
In fact, the company is making money by developing AI solutions and software for companies in several industries, including manufacturing, oil and gas, utilities, financial services, government, healthcare, retail, telecommunications, and transformation. Amazon and Alphabet, for example, partnered with C3.ai to boost cloud services.
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.
The agreement accelerates the adoption of the C3 AI Suite and C3 AI defense and intelligence applications like those currently in use at the U.S. Air Force, Space Command, RSO, F35 JPO, and the DISA, including insider threat, security clearance adjudication, readiness, AI predictive maintenance, modeling and simulation, missile trajectory modeling, and data fusion, as noted in a recent press release.