C3.AI (AI) PORTFOLIO ADDITION

[LINK TO RECENT POST: DOUBLING DOWN ON AI]

With the market's notable moves over this last week, there are a few stocks that have moved into some very nice buy zones. One that we'd like to talk about today is C3.ai, ticker symbol AI.

C3.ai is a software company dedicated to assisting in the growth and effectiveness of large-scale AI applications. The company has developed its own software — C3 AI Suite — which is a tool that allows companies to develop enterprise-scale applications and developments. The company is partnered with many well-known businesses, including but not limited to Google, Microsoft, Intel, Amazon, and Raytheon. They go above and beyond to accommodate their customer's different needs and requests, and their software prevents a lot of the hassle one would need to go through to develop a large-scale application by lowering the barrier to entry. This is assisted by C3.ai Suite's "model-driven architecture" which, in the words of the company, is "an abstraction layer to simplify the programming problem." Additionally, this model they've created lends itself to many other uses, such as data engineering and business analysis. The company's software solution is truly effective and flexible, and to read more in-depth about its technical inner workings, visit the company's website and read all about their system.

C3.ai's financials are also in good order, with the company reporting $52.4 million dollars in revenue for the first quarter of fiscal 2022, coming out to a 29% increase year over year. They've also reported a similarly positive gross profit for the quarter, sitting at $39.4 million compared to $30.0 million dollars as of one year ago — a 31% increase year over year. The stock is currently down 74% from its high of $183.90 in December of 2020, a price that hit post-IPO and has been declining since due to the company's expenses. Despite this, their growth is impressive, especially for a smaller artificial intelligence company; and their quick performance and affordable price opens up the door for more partnerships as companies continue to look for quicker and more affordable solutions for their business.