Here's Why This Hot Artificial Intelligence IPO Stock Isn't Worth Buying
C3.ai (NYSE: AI) was one of the hottest tech IPOs of 2020. The enterprise artificial intelligence company priced its IPO at $42 a share on Dec. 8, but the stock opened at $100 the following day and subsequently surged to about $140. C3.ai's founder and CEO is Thomas Siebel, who previously co-founded Siebel Systems, the enterprise software company Oracle (NYSE: ORCL) acquired for $5.85 billion in 2006.