10 AI Stocks on Wall Street’s Radar

6. C3.ai Inc (NYSE:AI)

C3.ai (NYSE:AI) offers AI-powered enterprise applications for the US government and businesses in manufacturing, utilities, defense and intelligence, and the financial sector.

The company’s latest financial results revealed that 50% of new bookings came from aerospace and defense contractors, while 30% came from sectors like manufacturing, energy and utilities, and life sciences. Moreover, C3.ai (NYSE:AI) almost tripled its revenue growth rate in the past year, and its top-line growth remains on par with rival Palantir.

On January 17th, Canaccord Genuity hiked C3.ai’s (NYSE:AI) target price with a “Hold” rating, citing its marked performance growth despite looming concerns over profitability.