Shares of C3.ai (NYSE:AI) soared in today’s trading session. This can be attributed to the company’s announcement that it is introducing a new artificial intelligence product suite that can also integrate with ChatGPT and other third-party AI products.
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Named C3 Generative AI, the new system will be released in March 2023 and will make accessing relevant data in information systems much more efficient, thanks to its natural language interface.
Although investors are very enthusiastic about the stock, Wall Street analysts are not. AI stock is currently rated as a Moderate Sell with a $13.80 price target, which implies almost 35% downside potential.