$C3.ai, Inc.(AI)$ C3 news from

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$C3.ai, Inc.(AI)$ C3 news from the conference call. C3 has over $750m in cash on hand. They see a big opportunity right now, so they're going to spend down their cash a little, not a lot, to get more products out faster and hire more salespeople. This will pay off long term, but short term their expenses will be higher and their financial results will not be as good. Some people don't like this and are selling their shares even though the long term prospects for the business are great. Personally I'm going to continue to hold.

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