Posted 1/11/2024, 11:00:00 AM
C3.ai Faces Uncertain Future as Major Client Deal Nears End, Profits Lag
- C3.ai develops AI software but faces uncertainty as 1/3 of revenue comes from a client deal ending in 2025
- The company has frequently changed names over the years, raising questions about its commitment to AI
- Financials show only modest improvement in losses, questionable path to profitability
- Stock price has struggled recently, declining 30% in past 6 months
- Valuation looks expensive with P/S ratio over 11; better AI investments likely available