![]() ![]() Cash and equivalents ended the quarter at $274 million. Non-GAAP loss from operations came in at $21.8 million, compared to a loss of $1 million in the prior quarter. Revenue increased 29% year-over-year (YOY) to $52.4 million. ![]() ![]() It provides software-as-a-service (SaaS) applications that allow customers to develop large-scale Enterprise AI applications across any infrastructure.Ĭ3ai released Q1 Fiscal 2022 results on Sept. With that information, here is a list of three AI stocks that offer significant upside potential in the coming months:Ĭ3.ai is an enterprise AI company. While investors might invest in chip companies, such as Nvidia (NASDAQ: NVDA), that manufacture the semiconductors required for AI applications, investing in companies that rely heavily on AI could be another option. There are several ways for growth investors to take advantage of the booming AI trend. On the other hand, another report by Grand View Research indicates that from 2021 to 2028, the global AI market is expected to grow at a CAGR of more than 40%. Metrics by Research and Markets forecasts the AI industry to grow at a compound annual growth rate (CAGR) of over 28% and reach $171 billion over the next three years. Therefore, today I’ll discuss three stocks that have devised innovative uses of AI in their operations. The demand for AI products and services continues to surge, while the technology keeps transforming every walk of life. We are most likely to see AI these days in social media, search engines, e-commerce sites as well as many enterprise applications. Rather than electronic gadgets and robots, AI technology is primarily based on complex algorithms and software that allow individuals and companies to make smarter decisions. Artificial intelligence (AI) stocks continue to gain traction among growth investors. ![]()
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