Stock of the Day

September 20, 2021

C3.ai (AI)

$10.89
+$0.36 (+3.4%)
Market Cap: $1.64B

About C3.ai

C3.ai, Inc. operates as an enterprise artificial intelligence (AI) software company in North America, Europe, the Middle East, Africa, the Asia Pacific, and internationally. The company provides C3 AI platform, an application development and runtime environment that enables customers to design, develop, and deploy enterprise AI applications; C3 AI Ex Machina for analysis-ready data; C3 AI CRM, an industry specific customer relationship management solution; and C3 Generative AI Product Suite that enables to locate, retrieve, and present information. It also offers C3 AI applications, including C3 AI Inventory Optimization, a solution to optimize raw material, in-process, and finished goods inventory levels; C3 AI Supply Network Risk, which identifies emerging inbound and outbound risks across the network; C3 AI Sustainability Suite, which helps to decrease greenhouse gas emission; C3 AI Production Schedule Optimization, a solution for scheduling production; C3 AI Financial Services Suite, which helps to minimize compliance risks; and C3 AI Energy Management solution. In addition, it offers integrated turnkey enterprise AI applications for oil and gas, chemicals, utilities, manufacturing, financial services, defense, intelligence, aerospace, healthcare, and telecommunications market. It has strategic partnerships with Baker Hughes in the areas of oil and gas market; Booz Allen to provide solutions to government, defense, and intelligence sectors; Raytheon; and AWS, Google, and Microsoft. The company was formerly known as C3 IoT, Inc. and changed its name to C3.ai, Inc. in June 2019. C3.ai, Inc. was incorporated in 2009 and is headquartered in Redwood City, California.

Today's Trend

C3.ai, Inc. (NYSE: AI) is edging lower today after a mixed set of headlines left investors balancing recent AI-sector optimism against company-specific concerns.

  • Recent market commentary says C3.ai has benefited from a broad AI rally tied to lower Treasury yields and easing geopolitical risk, which can support higher valuations for enterprise software names like AI. C3.ai (AI) Stock Could Be 45% Overvalued After Peace Deal Rally
  • Broader industry articles continue to highlight strong AI adoption across sectors, reinforcing the long-term demand story for AI software, but these stories do not directly change C3.ai’s near-term fundamentals.
  • Investor attention is also on recent insider selling by CEO Thomas Siebel, including a larger share sale disclosed this week. Although the company said the transactions were tied to a 10b5-1 plan and tax withholding, insider sales can still weigh on sentiment. C3.ai (NYSE:AI) CEO Thomas Siebel Sells 23,570 Shares
  • Some analysis also argues the stock may be meaningfully overvalued after its recent rebound, which could prompt traders to take profits. C3.ai (AI) Stock Could Be 45% Overvalued After Peace Deal Rally

Overall, C3.ai (NYSE: AI) is being pulled between a supportive AI-sector backdrop and negative pressure from insider selling plus valuation concerns. The result is a cautious tone around the stock, even as broader AI enthusiasm remains intact.

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