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3 IT Stocks on Short Sellers' Radar: Is a Tech Reckoning Imminent
InvestorPlace· 2024-04-04 17:45
If you’re after a list of information technology (IT) stocks short sellers are targeting, then one should study this article carefully. IT stocks have been facing some headwinds recently, with valuations that appeared stretched even as the broader markets have been volatile. This combination of lofty valuations and market turbulence has made holding many IT names a risky proposition for investors.I also think that the opportunity cost of being heavily invested in IT has also been a consideration. There are ...
Why Advanced Micro Devices, C3.ai, Arm Holdings, and Other Artificial Intelligence (AI) Stocks Slumped on Tuesday
The Motley Fool· 2024-04-02 18:04
It's clear that a couple of forces have been propelling the markets higher over the past year or so. Recent developments in the field of artificial intelligence (AI) helped kick-start a bull market last year, as the technology promises to unleash a tidal wave of productivity increases. Market watchers are also keen to know when the Federal Reserve might begin lowering interest rates and how quickly those rate cuts might progress.With that as a backdrop, several AI-related stocks were sinking Tuesday. As of ...
Global A.I. Healthcare Market Size Estimated To Reach $148.4 Billion By 2029
Newsfilter· 2024-03-20 12:45
AI in Healthcare Market Growth - The global AI in healthcare market is projected to grow from USD 20.9 billion in 2024 to USD 148.4 billion by 2029, with a CAGR of 48.1% [1] - Key drivers include the generation of large healthcare datasets, the need to reduce costs, improved computing power, declining hardware costs, and increased partnerships in the healthcare sector [1] - AI applications in healthcare are revolutionizing diagnostics, personalized medicine, and treatment planning through big data analytics [1] AI in Elderly Care - AI is transforming elderly care by enabling continuous health monitoring, fall detection, medication management, and personalized care plans [2] - AI-driven solutions address loneliness through companion robots and virtual assistants, while improving resource allocation and cost efficiency in healthcare settings [2] - AI also supports predictive analytics for disease outbreaks and advanced diagnostic tools for faster and more accurate medical condition identification [2] Avant Technologies' Acquisition - Avant Technologies is negotiating to acquire a healthcare technology and data integration services firm in a cash-and-stock transaction valued at approximately $2 million [2] - The acquisition is expected to improve Avant's financial health through immediate revenue and cash flow gains from inherited long-term customer contracts [3] - It strengthens Avant's expertise in healthcare data handling, boosts sales capabilities, and establishes a professional services team to meet growing customer needs [3][4] Strategic Benefits for Avant - The acquisition unlocks opportunities for upselling and cross-selling additional services and products, including automated data integration and high-density compute offerings [4] - It accelerates the delivery of Avant's high-density computing solutions and supports ongoing research and development efforts [4] - The deal positions Avant to capitalize on the booming AI adoption in the healthcare sector [3][4] Recent Market Developments - C3 AI was named to the Constellation ShortList™ for Cloud-Based Data Science & Machine Learning Platforms for the fifth consecutive year, reinforcing its leadership in enterprise AI [5] - SoundHound AI announced an innovative in-vehicle voice assistant using a large language model (LLM) on the NVIDIA DRIVE platform, enabling generative AI without cloud connectivity [5][6] - Snowflake and NVIDIA expanded their collaboration to deliver a secure AI platform combining NVIDIA's accelerated computing with Snowflake's Data Cloud, aimed at accelerating AI productivity across industries [7]
Could C3.ai Become the Next Palantir Technologies?
The Motley Fool· 2024-03-18 09:10
Investors in enterprise software company C3.ai (AI -0.62%) should hope that it can become the next Palantir Technologies (PLTR -3.85%). If it were to do so, it would mean multiplying in size, having a niche in government operations, and growing its presence in the private sector.But how likely is that to happen?In late February, C3.ai reported its results for the fiscal quarter that ended Jan. 31 and gave investors a look at its current trajectory. There were good and bad aspects, and those expecting big th ...
Is Trending Stock C3.ai, Inc. (AI) a Buy Now?
Zacks Investment Research· 2024-03-15 14:01
C3.ai, Inc. (AI) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.Shares of this company have returned -3.1% over the past month versus the Zacks S&P 500 composite's +3.3% change. The Zacks Computers - IT Services industry, to which C3.ai, Inc. belongs, has gained 2.2% over this period. Now the key question is: Where could the stock be headed in the near term?Althou ...
Eyes on the Prize: 3 Stocks Set for a Short Squeeze
InvestorPlace· 2024-03-14 19:20
Short-squeeze stocks may have fallen out of wider investor awareness and favor post-Gamestop (NYSE:GME), but that doesn’t mean short-squeeze stocks don’t offer valuable trading opportunities today. Reasons for high short interest range wildly from poor earnings, a fundamentally weak company or misaligned company positioning compared to wider sentiment. If the last part is confusing, don’t worry — it means short sellers capitalize on investor sentiment that sends stocks soaring beyond realistic levels.For a ...
C3 AI Named to Constellation ShortList™ for Cloud-Based Data Science & Machine Learning Platforms
Businesswire· 2024-03-14 13:00
REDWOOD CITY, Calif.--(BUSINESS WIRE)--C3 AI (NYSE: AI), the Enterprise AI application software company, today announced it was named to the Constellation ShortList™ for Cloud-Based Data Science & Machine Learning Platforms in Q1 2024, marking the fifth year in a row Constellation Research has recognized the C3 AI Platform as a “solution to know.” “Year over year, recognition on Constellation’s ShortLists continue to reinforce C3 AI’s leadership and first mover position in a rapidly expanding and increas ...
C3.ai Stock Analysis: Buy, Sell, or Hold?
The Motley Fool· 2024-03-11 20:55
Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool recommends C3.ai. The Motley Fool has a disclosure policy.Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool. ...
Did C3.ai's Improved Q3 Results Do Enough to Prove the Short-Sellers Wrong?
The Motley Fool· 2024-03-10 15:10
C3.ai (AI -0.22%) started last year red hot as a top growth stock thanks to surging interest in artificial intelligence (AI). Not only did the company have a ticker symbol to go along with the hot trend, but it's also a provider of AI solutions, making it a prime target for growth investors.But toward the latter half of the year, the excitement surrounding C3.ai stock cooled significantly. During the last six months of 2023, the stock fell 21% as investors grew worried about whether the company would actual ...
Where Will C3.ai Stock Be in 3 Years?
The Motley Fool· 2024-03-10 11:25
Shares of C3.ai (AI -0.22%) shot up impressively in the past month thanks to the company's better-than-expected quarterly results. The pure-play enterprise artificial intelligence (AI) software provider is on track to take advantage of the huge end-market opportunity on offer in this space.The stock surged 50% in February and analysts at Wedbush Securities expect the bull run to continue. The firm has raised its price target on C3.ai stock from $35 to $40, which points toward a 25% upside from current level ...