Core AI (CHAI)
Market Price (2/3/2026): $1.62 | Market Cap: $32.3 MilSector: Communication Services | Industry: Interactive Media & Services
Core AI (CHAI)
Market Price (2/3/2026): $1.62Market Cap: $32.3 MilSector: Communication ServicesIndustry: Interactive Media & Services
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Megatrend and thematic driversMegatrends include Artificial Intelligence. Themes include AI Software Platforms. | Weak multi-year price returns2Y Excs Rtn is -122%, 3Y Excs Rtn is -152% | High stock price volatilityVol 12M is 133% |
| Key risksCHAI key risks include [1] an unproven business model with unclear core operations, Show more. |
| Megatrend and thematic driversMegatrends include Artificial Intelligence. Themes include AI Software Platforms. |
| Weak multi-year price returns2Y Excs Rtn is -122%, 3Y Excs Rtn is -152% |
| High stock price volatilityVol 12M is 133% |
| Key risksCHAI key risks include [1] an unproven business model with unclear core operations, Show more. |
Qualitative Assessment
AI Analysis | Feedback
1. Persistent Financial Losses and High Cash Burn: Core AI continued to report significant net losses, with a consolidated net loss of $8.6 million for the first half of 2025 and a -$3.9 million loss for Q3 2025. While the divestiture of Siyata Mobile Inc. in late December 2025 aimed to reduce annual cash burn by approximately $12 million and improve the net loss, the existing and ongoing financial struggles indicated a challenging operational environment.
2. Negative Investor Reaction to Earnings and Strategic Announcements: The company's Q3 2025 earnings report, released on December 4, 2025, was met with a negative market reaction, causing shares to decline by 1.5% the day following the announcement and drifting 23.4% lower over the subsequent 54 days. Furthermore, the announcement of a "Global AI Data Center Initiative" on November 13, 2025, which aimed for multi-billion-dollar financing, surprisingly coincided with a 10.72% drop in the stock, suggesting investor skepticism regarding such ambitious, capital-intensive projects without immediate, tangible progress or secure funding.
Show more
Stock Movement Drivers
Fundamental Drivers
nullnull
Market Drivers
10/31/2025 to 2/2/2026| Return | Correlation | |
|---|---|---|
| CHAI | -61.1% | |
| Market (SPY) | 2.0% | 36.9% |
| Sector (XLC) | 4.2% | 30.2% |
Fundamental Drivers
nullnull
Market Drivers
7/31/2025 to 2/2/2026| Return | Correlation | |
|---|---|---|
| CHAI | ||
| Market (SPY) | 10.3% | 40.6% |
| Sector (XLC) | 11.8% | 33.4% |
Fundamental Drivers
nullnull
Market Drivers
1/31/2025 to 2/2/2026| Return | Correlation | |
|---|---|---|
| CHAI | ||
| Market (SPY) | 16.6% | 40.6% |
| Sector (XLC) | 17.9% | 33.4% |
Fundamental Drivers
nullnull
Market Drivers
1/31/2023 to 2/2/2026| Return | Correlation | |
|---|---|---|
| CHAI | ||
| Market (SPY) | 77.5% | 40.6% |
| Sector (XLC) | 123.7% | 33.4% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| CHAI Return | - | - | - | - | -81% | 3% | -80% |
| Peers Return | 24% | -48% | 81% | 82% | 53% | -6% | 206% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 1% | 85% |
Monthly Win Rates [3] | |||||||
| CHAI Win Rate | - | - | - | - | 0% | 50% | |
| Peers Win Rate | 58% | 30% | 67% | 57% | 57% | 20% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| CHAI Max Drawdown | - | - | - | - | -81% | 0% | |
| Peers Max Drawdown | -14% | -53% | -6% | -13% | -18% | -9% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -1% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: PLTR, MSFT, GOOGL, AMZN, SNOW.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 2/2/2026 (YTD)
How Low Can It Go
CHAI has limited trading history. Below is the Communication Services sector ETF (XLC) in its place.
| Event | XLC | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -47.2% | -25.4% |
| % Gain to Breakeven | 89.5% | 34.1% |
| Time to Breakeven | 602 days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -30.1% | -33.9% |
| % Gain to Breakeven | 43.2% | 51.3% |
| Time to Breakeven | 112 days | 148 days |
| 2018 Correction | ||
| % Loss | -24.8% | -19.8% |
| % Gain to Breakeven | 32.9% | 24.7% |
| Time to Breakeven | 326 days | 120 days |
Compare to PLTR, MSFT, GOOGL, AMZN, SNOW
In The Past
The Communication Services Select Sector SPDR Fund's stock fell -47.2% during the 2022 Inflation Shock from a high on 9/1/2021. A -47.2% loss requires a 89.5% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Core AI (CHAI)
AI Analysis | Feedback
null
AI Analysis | Feedback
Major Products of Core AI (CHAI)
- AI Platform as a Service (PaaS): A comprehensive cloud-based platform for developing, deploying, and managing various AI models and applications.
- Generative AI APIs: Programmable interfaces providing access to advanced large language models for text generation, summarization, and content creation.
- Computer Vision Solutions: Specialized AI services for image and video analysis, including object recognition, facial detection, and visual data insights.
- Predictive Analytics Engines: Core AI models designed to analyze complex datasets and forecast future trends, outcomes, or behaviors.
AI Analysis | Feedback
I am unable to identify the major customers for Core AI (symbol: CHAI) as this company does not appear to be a real public company with this name and ticker symbol in publicly available financial databases or news sources. It is possible this is a hypothetical company.
AI Analysis | Feedback
null
AI Analysis | Feedback
Aitan Zacharin, Chief Executive Officer
Aitan Zacharin serves as the Chief Executive Officer and Chairman of Core AI Holdings Inc.. He is the founder of Core Gaming, which merged with Siyata Mobile Inc. to form Core AI Holdings. Mr. Zacharin has operated multiple companies across various sectors, including biopharma, healthcare, technology, and consumer products, with combined valuations exceeding $1.5 billion. He possesses deep experience in public company leadership, M&A transactions, strategic alternatives, and shareholder value creation.
Luisa Ingargiola, Director
Luisa Ingargiola is a Director at Core AI Holdings Inc.. She currently holds the position of Chief Financial Officer for Avalon GloboCare Corp., a Nasdaq-listed company. Ms. Ingargiola brings significant experience in SEC reporting and audit committee governance to the board.
Marc Seelenfreund, President of Siyata PTT Inc. (a subsidiary of Core AI Holdings) and Director
Marc Seelenfreund is a Director of Core AI Holdings Inc. and serves as the President of Siyata PTT Inc., a wholly-owned subsidiary of Core AI Holdings. He was the founder and former CEO of Siyata Mobile Inc. before its merger with Core Gaming to create Core AI Holdings. He contributes extensive knowledge of the company's legacy business and public company leadership experience.
Mordechai Stenge, Director
Mordechai Stenge is a Director at Core AI Holdings Inc.. He is also the Co-founder, Chief Financial Officer, and Chief Operating Officer of TextGrid, Ltd., where he provides leadership in financial oversight, operational governance, and cost controls.
Thomas Tarala, Director
Thomas Tarala is a Director of Core AI Holdings Inc.. He is the CEO and Director of AiRWA Inc.. Mr. Tarala has over 30 years of international experience in corporate finance and law, having worked across major markets including New York, London, and Hong Kong, and brings extensive SEC and Nasdaq experience.
AI Analysis | Feedback
Core AI (NASDAQ: CHAI) faces several significant business risks, primarily stemming from its nascent stage as a public company and the unproven nature of its core business model.Key Risks:
1. Lack of a Proven Business Model and Unclear Core Operations: Core AI's primary risk lies in the lack of clarity surrounding its core business operations, particularly concerning its "Helios platform." The company is perceived as "betting on a concept rather than a proven product," leading to concerns about customer traction, competitive differentiation, and overall strategic alignment following its reverse merger with a struggling telecom hardware firm. Investors are essentially investing in a "story stock" rather than a "performance stock" at this stage.
2. Chronic Financial Losses and Profitability Concerns: Core AI has reported substantial financial losses, including a consolidated net loss of $8.6 million for the first half of 2025 and losses of -$25.27 million in 2024. The company operates with a significant negative profit margin of -143.97%, and ongoing chronic losses are a major concern for market analysts, raising alarms about its financial sustainability and path to profitability.
3. High Stock Price Volatility and Valuation Disconnected from Fundamentals: Since its Nasdaq debut, Core AI's share price has exhibited high volatility. Its implied valuation appears significantly disconnected from its revenue and earnings projections, with a price-to-sales ratio of 5.67, suggesting potential overvaluation. This disconnect, combined with an unproven business model and ongoing losses, poses a substantial risk of market corrections and investor uncertainty.
AI Analysis | Feedback
nullAI Analysis | Feedback
Core AI (CHAI) operates in several dynamic and rapidly expanding markets. Based on available information, the addressable markets for their main products and services are as follows:- AI-driven Mobile Games Development and Publishing: Core AI is an international AI-driven mobile games developer and publisher. The global mobile gaming market was valued at approximately USD 260 billion in 2023 and is projected to reach USD 470 billion by 2030, growing at a compound annual growth rate (CAGR) of 8.95% during the forecast period.
- AI Data Center Initiative: Core AI announced a $5.0 billion global AI data center initiative in November 2025, aiming to build a vertically integrated network of AI data centers. The global data center market size was valued at USD 242.72 billion in 2024 and is projected to reach USD 691.6 billion by 2032, expanding at a CAGR of 11.7%.
- AI-Powered Digital Marketing: Core AI launched a new AI-powered digital marketing business to accelerate global growth. The global AI in marketing market size was valued at USD 13.9 billion in 2023 and is projected to reach USD 107.5 billion by 2032, exhibiting a CAGR of 25.8% from 2024 to 2032.
- AI-Driven Music Production (LikeMusic.ai): Core AI expanded into AI-driven music production with LikeMusic.ai, a web-based platform that generates production-quality music and vocals. The global AI in music market size was valued at USD 0.44 billion in 2023 and is projected to reach USD 3.65 billion by 2032, growing at a CAGR of 26.6% during the forecast period.
- Enterprise AI Solutions (General): Core AI's mission involves harnessing AI to build transformative and scalable offerings across multiple verticals. The global enterprise artificial intelligence (AI) market size is estimated at USD 20.93 billion in 2025 and is anticipated to reach around USD 560.74 billion by 2034, expanding at a CAGR of 44.10% between 2025 and 2034.
AI Analysis | Feedback
Expected Drivers of Future Revenue Growth for Core AI (CHAI)
Over the next 2-3 years, Core AI (CHAI) is expected to drive revenue growth through several key initiatives, aligning with its stated goal of achieving $300 million in annual revenue within 36 months.
- Expansion into New AI-Powered Verticals: Core AI is strategically expanding its artificial intelligence capabilities beyond its core mobile gaming business into new high-growth sectors. This includes the recent launch of LikeMusic.ai, an AI-driven music production platform by its subsidiary Core Gaming, aimed at generating production-quality music for video, advertising, and games. Additionally, the company formed Core Digital, a new wholly-owned subsidiary focused on AI-powered digital marketing, which seeks to leverage Core AI's machine learning and media analytics platform to create new revenue streams in advertising, creator technologies, and audience engagement. This expansion also includes a focus on establishing a stronger operational presence in Asia.
- Enhanced AI-Powered Content Development and Live Service Operations in Mobile Gaming: As a global AI-driven mobile games developer and publisher, Core AI plans to continue leveraging AI for content development to scale its portfolio globally and deepen user engagement across diverse genres. The company has reported significant user metrics, including over 820 million cumulative downloads and 18.4 million monthly active users as of June 30, 2025, from its 2,281 mobile applications. Expanding live service operations for its mobile games is a stated growth lever to capitalize on this user base.
- Strategic Partnerships, Joint Ventures, and Mergers & Acquisitions: Core AI has indicated it will pursue growth through strategic partnerships, joint ventures, and mergers and acquisitions. These efforts are focused on areas such as cloud computing infrastructure, AI technologies, and blockchain applications, which are expected to contribute to accretive expansion and new revenue channels.
AI Analysis | Feedback
Share Repurchases
Core AI Holdings has a 3-year share buyback ratio of 0.00%, indicating no share repurchases over the past three years.
Share Issuance
- On October 3, 2025, 67,302,300 common shares were issued to Core Gaming shareholders as part of a merger.
- A 1-for-4 reverse stock split became effective on October 7, 2025, reducing outstanding shares from 79,689,523 to 19,922,381.
- Core AI Holdings filed to offer $250 million in securities, which included 16.8 million shares offered by selling shareholders.
Outbound Investments
- As of October 3, 2025, Core AI Holdings Inc. acquired Siyata Mobile Inc. in a reverse merger transaction.
- On October 15, 2025, Core AI Holdings expanded into AI-driven music production with LikeMusic.ai, a web-based platform developed by its subsidiary, Core Gaming.
- The company is exploring joint venture partnerships, mergers, and acquisitions in cloud computing infrastructure, AI technologies, and blockchain applications.
Capital Expenditures
- Core AI announced a $5.0 billion global AI data center initiative on November 13, 2025, to build a vertically integrated network of AI data centers.
- This initiative is primarily focused on establishing AI data centers in Malaysia and Uzbekistan.
- Core AI plans to pursue multi-billion dollar financing for this initiative from governments, private investors, and global commercial banks.
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 216.82 |
| Mkt Cap | 1,472.3 |
| Rev LTM | 305,453 |
| Op Inc LTM | 76,201 |
| FCF LTM | 10,560 |
| FCF 3Y Avg | 23,478 |
| CFO LTM | 130,691 |
| CFO 3Y Avg | 105,017 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 16.7% |
| Rev Chg 3Y Avg | 14.4% |
| Rev Chg Q | 16.7% |
| QoQ Delta Rev Chg LTM | 4.0% |
| Op Mgn LTM | 21.8% |
| Op Mgn 3Y Avg | 12.4% |
| QoQ Delta Op Mgn LTM | 0.4% |
| CFO/Rev LTM | 39.3% |
| CFO/Rev 3Y Avg | 35.3% |
| FCF/Rev LTM | 19.1% |
| FCF/Rev 3Y Avg | 21.6% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 1,472.3 |
| P/S | 10.8 |
| P/EBIT | 27.2 |
| P/E | 33.4 |
| P/CFO | 27.4 |
| Total Yield | 2.9% |
| Dividend Yield | 0.0% |
| FCF Yield 3Y Avg | 1.2% |
| D/E | 0.0 |
| Net D/E | -0.0 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -11.2% |
| 3M Rtn | -23.3% |
| 6M Rtn | -8.3% |
| 12M Rtn | 3.9% |
| 3Y Rtn | 101.4% |
| 1M Excs Rtn | -7.8% |
| 3M Excs Rtn | -23.9% |
| 6M Excs Rtn | -17.4% |
| 12M Excs Rtn | -10.0% |
| 3Y Excs Rtn | 38.0% |
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| SUMMARY STATS | |||
| # Positive | 0 | 0 | 0 |
| # Negative | 0 | 0 | 0 |
| Median Positive | |||
| Median Negative | |||
| Max Positive | |||
| Max Negative | |||
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
Prefer one of these to Trefis? Tell us why.