Tag: Revenue

Goldman Sachs strategists found AI stocks outperform their credit peers. AI firms with strong balance sheets are set to benefit as demand for generative AI grows.

C3.ai, an AI software firm, experienced a 20% dip in pre-market trading due to fiscal forecast for 2024. Wedbush upgrades its stock, whilst DA Davidson downgrades it.

C3.ai (NYSE: AI) stock falls ahead of earnings report release. Investors keen to learn about the company's Q4 2023 financial stability and growth forecast as analysts predict losses per share of 17 cents and revenue of $71.32 million. C3.ai provides AI software solutions to businesses in healthcare, energy, finance, and more. Founded by Tom Siebel, the company has seen immense growth this year, up by 253.8%.

Foxconn, a major Apple supplier, gears up for triple-digit growth in the AI server market, attributable to ChatGPT and advanced tech, with revenue of $215B in 2020. Other AI-driven companies expected to profit too. However, tensions and inflation may cause revenue to remain flat.

C3.AI leads the AI stock surge, despite reporting a loss. Generative AI is becoming a critical component of the industry, and investors are pursuing everything with AI links.