10 Trending AI Health Stocks

8. C3.ai, Inc. (NYSE:AI)

Number of Hedge Fund Holders: 18

C3.ai, Inc. (NYSE:AI) is an enterprise AI application software company. C3 AI delivers a family of fully integrated products, including the C3 AI Platform, an end-to-end platform for developing, deploying, and operating enterprise AI applications. In the healthcare sector, C3.ai, Inc. (NYSE:AI) has developed an enterprise level application for classifying patients based on their risk levels for developing long-term opioid dependence, enabling the company to customize preventative and targeted treatments to patients at the highest risk.

In FY24, C3.ai, Inc. (NYSE:AI) closed 191 agreements, an increase of 52% year-over-year, including 123 pilots, an increase of 151% year-over-year. Total revenue for the fourth quarter of fiscal year 2024 for C3.ai, Inc. (NYSE:AI) was $86.6 million, an increase of 20% compared to $72.4 million in the same period one year ago. GAAP gross profit for the quarter was $51.6 million, representing a 60% gross margin. Non-GAAP gross profit for the quarter was $60.9 million, representing a 70% non-GAAP gross margin.