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Artificial intelligence (AI) is becoming more prevalent in society as it gets used by more and more businesses. C3.ai (NYSE: AI) is helping promote that by putting enterprise artificial intelligence platforms at its clients’ fingertips.
However, C3.ai has had a rough go on the public markets. Since it went public in late 2020, its shares are down more than 83%. Does this make this artificial intelligence company a value trap or an appealing investment trading at a massive discount?