Artificial intelligence (AI) software developer, C3.ai, reported its Q4 earnings, beating expectations on the top and bottom lines. Despite this, the company’s revenue outlook for the year fell shy of Wall Street estimates, causing shares to drop by approximately 12%. Yahoo Finance Tech Editor Dan Howley analysed the situation and reported that investors were playing the AI hype card too aggressively. He suggests that there are still opportunities to be had in the AI space without investing in Nvidia. Some alternative companies that may be worth considering include Marvell and Broadcom, among others. These companies are capable of providing related technology and custom AI chips to major providers as well as offering other capabilities beyond AI.
C3.ai is an artificial intelligence software developer that works on government contracts and related areas. While their ticker symbol includes AI, the company may not blow up to the extent that investors expect due to the high AI hype.
Yahoo Finance Tech Editor, Dan Howley, analysed C3.ai’s recent earnings reports and provided insights on the company’s situation. Howley also recommended some alternative AI related companies to consider investing in.
