As C3.ai Explores a Sale, Should You Buy, Sell, or Hold AI Stock?

Valued at a market cap of $2.1 billion, C3.ai (AI) stock is down over 45% in the last 12 months. C3.ai aims to compete in the crowded enterprise AI market, which is dominated by larger rivals such as Palantir Technologies (PLTR). The enterprise-facing AI software company is now exploring a potential sale following the departure of founder Thomas Siebel as CEO due to health issues.

C3.ai’s struggles have been mounting throughout the year due to its weak financial performance. In the most recent quarter, it reported revenue of $70.3 million, a 19% year-over-year (YoY) decrease, along with a net loss of nearly $117 million. Two months back, C3.ai withdrew its full-year guidance, citing leadership changes and a restructuring of sales operations.