Down 85%, Should You Buy the Dip on C3.ai Stock?
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Back in late 2020, C3.ai (NYSE: AI) made its debut on the public markets with a lot of hype, trading at a market cap of $15 billion. It worked to be an artificial intelligence (AI)-themed stock before the AI revolution took hold a couple of years later. Since the IPO, however, the stock's price has fallen 84% from all-time highs, putting in a disappointing performance for shareholders. If you had invested $1,000 in C3.ai at all-time highs, you would only have about $160 today.What went wrong with C3.ai? Does its hefty drawdown mean you should buy the dip on this potential AI winner? Let's take a further look at C3.ai's history and business and see whether this is a good stock to buy for your portfolio today.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool
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