Why Not?
Given that the economy is slowing and almost certain to be in a recession soon(one can argue as to how deep and for how long it will last) and the areas of promising stock market gains are limited in the near future, one can make a case for buying into one of those limited promising areas. Any tech related company that doesn’t already have a significant presence in the area of AI could buy one of the established early leaders, for chump change. Microsoft already has a considerable stake in ChatGPT and Alphabet has their entrant as well. That leaves C3AI (AI) as available with a current market cap of only $2 billion. Someone could snap them up for say $5-$6 billion, which in today’s inflated world is basically chump change. While I don’t know if AI would ever trade back up to the levels it reached shortly after it was first spun out of Baker Hughes, somewhere between $45-$60 is quite possible especially if bidders appear. Already up nicely since my post last Wed. morning around$17.25. (Not investment advice, just my opinion.)