C3.ai is a U.S.-based enterprise AI software company that provides AI tools and applications for businesses, including predictive maintenance and fraud detection. Founded in 2009, it’s known for partnerships with major firms like Microsoft and Amazon. The company trades under the ticker AI and focuses on helping large organizations deploy AI at scale.
AI Stocks faced a massive rise in 2023 into wave A, followed by a corrective slowdown in wave B. From Elliott wave perspective, it may have a completed (A)(B)(C) flat correction in wave B, from where we may now see further recovery within higher degree wave C of a bigger ABC rally. So AI stocks could trigger a hype once again, and we may see a rally similar to back in 2023.
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