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While Big Tech giants such as Nvidia (NVDA), Microsoft (MSFT), and Alphabet (GOOG) (GOOGL) are trading close to their newly set record highs, some of the smaller players who are part of the artificial intelligence (AI) megatrend are trailing far behind in comparison. One such mid-cap AI stock is C3.ai (AI), which trades over 83% below all-time highs.
Valued at a market cap of $3.6 billion, shares of C3.ai went public in late 2020, and touched all-time highs of $183 soon after.