C3.ai, Inc.

• BC Bireme Capital December 2023 Investor Letter ↗ Fundamental Value sold Netflix, cut Meta Platforms and added Apple, Clorox, Tootsie Roll, ARM Holdings and C3.ai shorts as mega-cap and staples valuations rose. It remained long Old Republic and RCI Hospitality, arguing their earnings power is underappreciated, and initiated British American Tobacco for its low valuation and reduced-risk nicotine franchise. The portfolio expects persistent inflation and fiscal deficits to constrain the soft-landing narrative. December 2023 +21.3% BTI $123BAAPL $4.5TAI $1.6BARM $268B

All coverage of AI →