3 AI Stocks Analysts Like Better Than C3.ai

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.