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Stay Away From This Red-Hot AI Stock

Stay Away From This Red-Hot AI Stock

The company sells its AI application-development platform and its suite of AI applications to large enterprises, which means long sales cycles and hefty spending on sales and marketing. Revenue was unchanged from the prior-year period, net loss worsened, and the company guided for a sequential revenue decline in the first quarter of fiscal 2024. Despite this increased interest, the company expects sluggish revenue growth in fiscal 2024.