Posted 1/14/2024, 11:55:00 AM
Nvidia Soars on Booming AI Demand While C3.ai Struggles Despite Hype
- C3.ai stock surged in 2022 due to AI hype, but financial performance has been lackluster with weak growth and continued losses
- Nvidia's GPUs are dominant in AI/machine learning, with an estimated 95% data center market share
- Nvidia has seen surging demand and revenue growth over 200% due to AI adoption
- Nvidia forecasts continued all-time high revenue growth over 200% for next quarter
- Nvidia has much cheaper valuation than C3.ai, with PEG ratio under 1 compared to over 2 for S&P 500