On May 24, we noted, “We believe it could push aggressively higher, near-term. In fact, we’d like to see AI retest its prior high of about $34 shortly.  Helping, Goldman Sachs just said generative AI could raise global GDP by 7% over the next 10 years.”

In just one minute you can have one of the most important trading tips you'll ever get. Click here to see your million dollar minute.

At the time, the stock traded at just $27.16. Today, it’s up to $43.95, where you may want to consider taking wins off the table. While it’ll eventually see higher highs, it could pull back immediate-term on healthy profit-taking. Longer-term, we’d like to see AI run to about $50, as the AI story explodes. C3.AI has also been running on Nvidia’s AI-fueled earnings beat.

Were you in the C3.AI trade? If so, we’d love to hear how you did with it.


Ian Cooper