"You really have to do some checking on the history of the company," Ben Axler says of C3.AI (AI), as the stock sees interest from speculative investors. He adds that ChatGPT & generative A.I. has nothing to do with C3.AI, which is an enterprise A.I. company with a "narrow market segment and very narrow customer base." Spruce Point Capital thinks the stock could fall 40%-50%. They also think profitability & cash flow could be a concern for the company.
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