Normally, I wouldn't do this...
But today I'm going to give away a stock from my premium trading service, Secret Stock Files.
This is serious, because people pay a lot of money for this information.
However, we currently have 12 stocks in the Secret Stock Files portfolio and there are more to come.
On top of that, I don't feel too bad about giving this information away because:
It really exemplifies what my premium trading service is all about It's an AI company, and I know how badly everybody wants to get in on the AI craze. And...I have several other (less well-known) AI stocks in my portfolio.So today, against my better judgment, I'm going to tell you about C3.ai (NYSE: AI).
First, C3.ai is a really trendy AI stock. If you've done some research, read some listicles, or have even seen this video from the always delightful Sara Crooks, then you've probably seen it mentioned.
Still, you might not be entirely sure what it is or what it does.
Well, to put it simply, C3.ai makes a software platform that enables the creation of AI apps.
For example, C3.ai first came onto my radar because the Air Force has been using its software to conduct preventative maintenance on its fleet of fighter jets and bombers.
Working alongside the Air Force, C3.ai aggregated a decade's worth of data regarding airplane maintenance which parts break down and when.
It then used that data to predict subsystem failures and identify necessary spare parts before they become a problem.
This is a huge deal because the military needs its fighters and bombers ready to go at a moment's notice. And we can't risk the lives of our pilots by sending them into the sky with an aircraft destined to malfunction.
This solution keeps the fleet ready, cuts down on aircraft downtime, and generally improves efficiency across the board.
It does this for the F-16 Fighting Falcon and the F-35 Joint Strike Fighter, as well as the Army's Black Hawk and Apache helicopters. And soon it's going to be applied across all branches of the military to streamline maintenance for all of our ground vehicles and maritime vessels.
The end result: optimized fleet maintenance, increased aircraft availability, and less aircraft downtime.
We know this because the company signed a five-year, $500 million contract with the Department of Defense in December to scale up its AI-powered applications.