C3.ai (AI) Is A Hype Name, But Not A Meme Stock

2023/6/1

C3.ai’s (AI) earnings will be released, today, May 31st, postmarket. Kevin Green previews AI’s earnings as its adjusted EPS is estimated at -$0.17 and revenue is estimated at $72.32M. AI is up over 245% year-to-date and it hit a 52-week high yesterday. He talks about how the rally in this stock is different than the meme craze we saw a few years ago. He notes that AI’s focus is on enterprises and enterprises are trying to increase their spending in order to leverage AI. He mentions that is a hype name, but it is also a viable business. Finally, he highlights important technical trends in the stocks to keep in mind. Tune in to find out more about the stock market today.

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