C3.ai: What's Behind the Stock's Surge in the Past 3 Months?

C3.ai stock rallied nearly 30% over three months despite weak fundamentals, including a 25% revenue decline and $92.8 million net loss. The surge lacks a clear catalyst and may reflect investor optimism around CEO Tom Siebel's return. However, the company faces growing AI competition and an unclear path to profitability, making it a risky investment.