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2 Top Artificial Intelligence (AI) Stocks Ready for a Bull Run
The Motley Fool· 2024-06-16 09:17
These growth tech stocks could power your retirement.Leading companies benefiting from the booming demand for artificial intelligence (AI) services have been one of the main catalysts sending the S&P 500 and Nasdaq Composite to new highs this year. Investors who put their money in the right stocks could make a lot of money over the next decade in this burgeoning new industry.Here are two promising stocks that could deliver wealth-building returns for shareholders.1. C3.aiC3.ai (AI -4.76%) is a leading AI en ...
C3.ai Stock: The Rising Powerhouse in the AI Industry
MarketBeat· 2024-06-13 13:48
C3.ai NYSE: AI has been garnering attention lately, with many investors wondering if the company could emerge as a leader in the AI field, if it is simply a sleeping giant waiting to be awakened, or if it has come too far too soon and is due for a pullback. Its RSI is now hitting 73. To assess its potential, let's examine C3.ai's recent performance, earnings results, and current sentiment around the stock.Get C3.ai alerts:Overview of C3.aiC3.ai is a prominent enterprise software company that provides artifi ...
Top 4 Large-Cap Stocks With Major Short Interest
MarketBeat· 2024-06-13 11:36
With the ongoing GameStop saga reigniting interest in meme stocks, investors, or more likely traders and speculators, are once again seeking out stocks with high short interest. As the overall market, the technology sector, and many global-leading household stocks trade near all-time highs, trader's appetite for risk and speculative plays may be increasing.That's where these four stocks, with a considerable short interest, come in. Here, we look closer at four highly shorted stocks that are not penny stocks ...
Is C3.ai Stock a No-Brainer Buy After Its Impressive Quarterly Results?
The Motley Fool· 2024-06-12 14:47
Has C3.ai proven that it's the real deal in artificial intelligence?For multiple quarters, C3.ai (AI 2.46%) has failed to show that it can generate any serious revenue growth, despite the opportunities it possesses in artificial intelligence (AI). The company provides AI solutions for a wide range of industries, but investors have been less than impressed with its results -- at least until recently. In its last fiscal quarter, the company hit record numbers and posted impressive quarter-over-quarter growth. ...
Did C3.ai Just Become a Top Artificial Intelligence (AI) Stock to Buy?
The Motley Fool· 2024-06-11 10:39
C3.ai just issued fantastic guidance for this year.C3.ai (AI 4.53%) is a polarizing artificial intelligence (AI) stock. It saw a lot of enthusiasm in early 2023, but that has since evaporated as the stock sits more than 30% off its highs established in 2023. However, that figure used to be as low as 55% in April, so the stock is gaining some enthusiasm again.Part of that has been C3.ai's results as some parts of its business are beginning to prove doubters wrong. But is this enough to persuade more investor ...
C3.ai Stock: This AI Elevator Is Still Nowhere Near the Top
Investor Place· 2024-06-11 10:35
Is enterprise artificial intelligence specialist C3.ai (NYSE:AI) a company to watch in 2024? I’d say definitely yes, and investors should put at least a few shares of C3.ai stock in their portfolios for an extra AI-sector boost. You’ll thank me someday when the stock price is substantially higher. But don’t just take my word for it. Not long ago, C3.ai passed a crucial test with flying colors as investors wondered whether the company could continue to grow its revenue. I’m not saying that C3.ai’s financi ...
Cathie Wood Says Software Is the Next Big AI Opportunity -- 2 Super Stocks You'll Regret Not Buying if She's Right
The Motley Fool· 2024-06-11 08:00
AI Software Opportunity - The chip industry has created trillions of dollars in value from AI, but software presents an even greater opportunity [1] - Cathie Wood predicts software companies could generate $8 in revenue for every $1 spent on AI hardware [1] - Ark Investment Management has invested in AI software companies like OpenAI, Anthropic, and xAI, with Tesla being the largest holding due to its autonomous self-driving software [1] Palo Alto Networks - Palo Alto Networks has seen a tenfold increase in cyber attacks like phishing emails over the past year [3] - Over 90% of security operations centers rely on human-led processes, leaving 23% of incidents uninvestigated [3] - The company's AI-powered cybersecurity tools, such as Cortex XSIAM, automate threat detection and incident response [3] - XSIAM reduced incidents requiring human investigation by 75% for one oil and gas company and cut response times from three days to 16 minutes for another customer [4] - Palo Alto generated $2.0 billion in revenue in Q3 fiscal 2024, a 15% YoY increase, with a shift toward "platformization" [4] - Customers using all three platforms (cloud, network, and operations) have a lifetime value 40 times higher than those using just one [4] - The company expects $4.1 billion in annual recurring revenue by the end of fiscal 2024, a 39% YoY increase, and plans to triple that to $15 billion by fiscal 2030 [5] C3.ai - C3.ai, founded in 2009, offers over 40 ready-made AI applications for 19 industries, enabling faster and cheaper AI integration [6] - Applications like Smart Lending and Anti-Money Laundering are popular in non-tech industries such as energy, financial services, and manufacturing [6][7] - Dow Inc uses C3ai's Reliability application for predictive maintenance, reducing downtime in steam cracking equipment by 20% [7] - C3ai had 487 customer engagements in Q4 fiscal 2024, a 70% YoY increase, with revenue reaching a record $86.6 million, up 20% YoY [7] - The company forecasts a 23% YoY revenue increase for Q1 fiscal 2025, driven by its transition to consumption-based revenue [8] - C3ai lost $14 million on a non-GAAP basis in Q4 but has $750 million in cash and equivalents to sustain growth initiatives [8]
Under the Radar: 3 AI Sleeper Stocks to Own Now
Investor Place· 2024-06-07 11:00
Unless you’re living under a rock, you have heard about artificial intelligence (AI) and its impact on our lives. The earnings season was all about AI and several tech companies reported impressive financials driven by AI. Companies not investing in AI could be left behind in the race to the top and if you do not embrace it in your life, you could be left out. The future is AI and Nvidia (NASDAQ:NVDA) is proof that it pays off.The company is an industry darling and its stock has soared over 154% year-to-dat ...
Atrium Mortgage Investment Corporation Announces June 2024 Dividend
Newsfile· 2024-06-06 21:00
Toronto, Ontario--(Newsfile Corp. - June 6, 2024) - Atrium Mortgage Investment Corporation (TSX: AI) is pleased to announce that its board of directors has declared a dividend for the month of June 2024 of $0.075 per common share, to be paid July 12, 2024 to shareholders of record June 28, 2024.Atrium pays monthly dividends currently at an annual rate of $0.90 per share, plus a special dividend to shareholders of record at year-end in the event the dividends declared are less than taxable income for that f ...
Is C3.ai Stock a Buy?
The Motley Fool· 2024-06-05 13:15
The stock popped impressively following its latest results, but can it sustain its momentum?Shares of C3.ai (AI 0.71%) have underperformed the broader market in 2024, gaining 3% so far compared to the 6% gains delivered by the Nasdaq-100 Technology Sector index, but it looks like the company's fortunes could change following its latest quarterly report.C3.ai provides artificial intelligence (AI) software for enterprise applications, and the stock popped substantially after the company released fourth-quarte ...