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Aditya Raghunath

SHOCKING: Is it time to take profits on c3 ai stock - You Need To See This

Artificial intelligence (AI) stocks have been on an absolute tear in 2023. The launch of ChatGPT and multiple other AI-powered platforms has fueled significant investor optimism, as reflected by growth forecasts for the industry. Precedence Research estimates the total addressable market for AI to surpass $2.57 trillion by 2032, indicating an annual growth rate of almost 20% over the next nine years.

Backed by the extremely bullish sentiment surrounding AI stocks, shares of C3.ai (AI) have surged 163% in 2023, valuing the company at $3.42 billion by market cap. Let’s see if this high-flying tech stock is still a good buy at current multiples.

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