I Love C3.ai, Inc. (AI)’s CEO, Says Jim Cramer On Recent 7% Share Price Drop

We recently published 11 Stocks Jim Cramer Discussed As He Said Apple’s CEO Is A “Pawn”. C3.ai, Inc. (NYSE:AI) is one of the stocks Jim Cramer recently discussed.

C3.ai, Inc. (NYSE:AI)’s shares dipped by a whopping 26% in August after the firm announced that its fiscal first quarter midpoint revenue would sit at $70.3 million and its operating loss would sit at $124.8 million. Both of these marked significant falls over the year-ago quarter. C3.ai, Inc. (NYSE:AI) followed up with its earnings report in September, after which the shares fell by 7.31%. Cramer was appreciative of the firm’s CEO, Thomas Siebel, admitting that the firm did not meet expectations:

“The C3AI, I hoped Tom Siebel, gets well. I know Tom from the old days. They missed the quarter and one of the things that was refreshing was Tom said, we did a terrible job. And that’s like the old Tom, which I love.”

Cramer previously discussed C3.ai, Inc. (NYSE:AI) in May. Here is what he said:

“Well, I’ll tell you, it keeps losing money. Tom Siebel should not have that keep. He’s the chairman, CEO, founder. There are so many better ones out there. As much as I like Tom, I’m just going to tell you no, go with something that’s even, that’s high. Now, Palantir’s a meme stock and we know that.”

While we acknowledge the risk and potential of AI as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than AI and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.