Shares of Docusign ( DOCU +4.96% ) soared to a record high of $310 in September 2021, as pandemic-related lockdowns and social restrictions fueled explosive demand for its digital document software products, because they allowed businesses to continue making deals even without physical meetings.

But demand for Docusign's products slowed to a crawl when social conditions mostly returned to normal in 2022, as the company struggled to maintain its lightning-fast revenue growth from the previous two years. That triggered a sharp decline in its stock price, and it remains 78% below its 2021 peak as I write this.

However, Docusign's new Intelligent Agreement Management (IAM) platform is breathing new life into its business. It uses artificial intelligence (AI) to make contract manageme

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