C3.ai Inc. has been an investor darling this year as Wall Street has sought out plays on the artificial-intelligence craze, but one analyst thinks the stock’s big rally could cool.
Wolfe Research analyst Joshua Tilton downgraded shares of the AI-software AI stock to underperform from peer perform over the weekend, following a nearly 80% year-to-date surge in the name. He said he sees three core risks to the company’s growth.
“We...