5 Technology Stocks to Invest in According to Billionaire Paul Tudor Jones

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

Tudor Investment Corp’s Stake Value: $24.5 million

Percentage of Tudor Investment Corp’s 13F Portfolio: 0.41%

Number of Hedge Fund Holders: 24

C3.ai, Inc. (NYSE:AI) is an artificial intelligence software company based out of Redwood City, California. Its products allow customers to develop and deploy artificial intelligence models, use artificial intelligence to optimize raw materials, inventory, work in progress and conduct other tasks.

By the end of its fiscal third quarter, C3.ai, Inc. (NYSE:AI) reported $69 million in revenue and -$0.07 in non-GAAP EPS, beating Wall Street analyst estimates for both metrics. Morgan Stanley reduced the company’s share price target to $20 from $31 in March 2022, outlining that consistent execution is needed for a rosier outlook.

As part of its Q4 2021 investments, Mr. Tudor’s hedge fund held 786,896 C3.ai, Inc. (NYSE:AI) shares which were worth $24.5 million and represented 0.41% of its investment portfolio. Insider Monkey’s survey of 924 hedge fund holdings for the same time period revealed that 24 had owned the company’s shares.

C3.ai, Inc. (NYSE:AI)’s largest investor is Jim Simons’ Renaissance Technologies which owns 1.7 million shares that are worth $54 million.