AI – Artificial Inflation

Pepsi’s Frito-lay division reported a 16% gain in revenue even though sales volume was flat from the year before. It would be interesting if I could tell you that the revenue gain came from some startling Artificial Intelligence application that boosted margins for Dorito’s. But there was another kind of AI at work – artificial inflation.

C3.ai Makes it 5 for 5

In Monday’s article “Today’s Trading Plan” I told you that C3.ai (NASDAQ: AI) had beaten earnings expectations in each of the last four quarters. I suggested it for a trade because the share price was squeezing down into the corner of a pennant and a big earnings related move looked likely.

The Case for C3.ai

It’s not unusual for an emerging investment trend that’s been percolating to burst onto the scene with a frenzy of hype after a momentous event. This happened for Artificial Intelligence (AI) two weeks ago when Microsoft released a flurry of news about the ChatGPT AI app.