REVEALED: 3 ai stocks analysts like better than c3 ai | Rare Historical Photos

Investors are constantly chasing the next big thing, and right now, nothing has them more hyped than artificial intelligence (AI). PwC researchers predict it'll be a game-changer, adding a whopping $15.7 trillion to the global economy by 2030. Playing a crucial role in this space is Redwood City, California-headquartered C3.ai, Inc. (AI), which develops AI algorithms that organizations integrate into their software infrastructure to speed up and automate tasks.

Valued at $2.7 billion by market cap, shares of C3.ai have seen quite the rollercoaster ride since they first hit the market on Dec. 9, 2020, at $42 each. Its stock soared to a record high of $183.90 per share that same month. Since that peak, the stock has taken a nosedive, plummeting more than 88%. Currently, it's sitting 56% lower than its 52-week high of $48.87. And the bad news keeps coming – it is down 25.6% on a YTD basis, lagging behind the S&P 500 Index's ($SPX) 8.3% returns over the same time frame.