The overarching stock story of 2023 — although still early in the year — focused on artificial intelligence, namely OpenAI’s sophisticated chatbot ChatGPT.

ChatGPT is a large language chatbot powered by AI technology that allows users to have human-like conversations and interactions with the model. Continue reading…

Public companies have clearly been caught up in the AI ​​fervor, with references to AI and related terms in earnings calls increasingly a staggering 77% year over year.

Perhaps at the top of the AI ​​gold mine C3.ai Inc AI.

C3.ai — currently turning into a meme stock — is an enterprise AI software provider for building enterprise-scale AI applications and accelerating digital transformation.

The company reported its much-anticipated earnings on Thursday, which topped across the board.

By Numbers: C3.ai reported a quarterly loss of 6 cents per share, ahead of an expected loss of 22 cents on earnings of $66.7 million, beating consensus estimates of $64.25 million, the data said Gasoline Pro.

The company said subscription revenue for the quarter was $57 million, accounting for 85.6% of total revenue.

C3.ai forecast full-year 2023 revenue of between $264 million and $266 million, ahead of the consensus estimate of $261.3 million. Continue reading…

Seems good, doesn’t it? Investors are now wondering if this is just a meme stock or a company with real skills — here’s what the analysts have to say.

The Wedbush Analyst: Dan Ives kept a neutral rating on the stock but raised the target price to $24, reflecting the company’s AI momentum and potential for future growth.

Ives said that C3.ai is seeing tailwinds in the market with the increased demand for its AI products. The company’s partnerships with Google Cloud, Amazon Web Services and Azure, as well as its expanded pipeline and partner ecosystem have contributed to its success.

The Piper Sandler Analyst: Arvind Ramnani kept a neutral rating on the stock and raised the price target…