AI Stocks Retreat From Highs As Hype Fades for Recursion, C3.ai
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Recursion Pharmaceuticals stock surged on a partnership with Nvidia, but has since retreated as the AI hype dies down. The clinical-stage company is very risky.
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C3.ai is focused on AI but hasn't delivered impressive growth despite management hype.
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C3.ai is struggling to attract customers organically and now plans to invest heavily in marketing and lead generation.
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C3.ai previously projected profitability soon but has pushed back that timeline to invest more in marketing.
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Both Recursion and C3.ai saw their stocks surge earlier this year due to AI excitement, but are risky buys after retreating from highs.