Coke 'exploring ways to leverage AI' (because every company needs an AI strategy now)

) stock rose nearly 200% year-to-date. Shares fell on Monday, though, as Wolfe Research downgraded the stock to Underperform from Peer Perform. Wolfe sees “significant risks” to revenue growth for C3.ai, which helps businesses build AI solutions and applications.

"Our analysis of C3.ai's customer count suggests that either renegotiation of contract renewals is taking longer or that churn is increasing," Wolfe research analyst Joshua Tilton wrote in a note to clients on Monday. The AI stock surges are not in line with fundamentals and are reminiscent of past instances of companies throwing out buzzwords to appease eager investors. Take blockchain, for instance.to make “blockchain more accessible and easier to use for customers.” Despite positioning blockchain as a solution used within its popular Amazon Web Services at the time of the announcement, Amazon executives didn’t mention the phrase “blockchain” once in the company’s most recent earnings call in February.

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Coca-Cola earnings beat estimates, fueled by price hikes and higher demandCoke's stock has risen less than 1% in 2023, and the company has a market value of $277 billion.
Source: CNBC - 🏆 12. / 72 Read more »

Coca-Cola beats earnings forecast as pricing jumps 11% and volume grows againCoca-Cola's stock rose Monday after the beverage giant beat earnings expectations as pricing jumped 11% and unit-case volume returned to growth.
Source: MarketWatch - 🏆 3. / 97 Read more »

Coca-Cola stock rises on forecast-beating results; Bed Bath & Beyond shares slump and other stocks on the moveCoca-Cola, Bed Bath & Beyond, Foghorn Therapeutics and Eli Lilly are among the biggest moving stocks on Monday.
Source: MarketWatch - 🏆 3. / 97 Read more »