Reasons Behind the Sharp Decline in C3.ai Stock Today
C3.ai Stock Takes a Major Hit C3.ai (NYSE: AI) has seen a substantial drop in its stock price during Thursday’s trading. As of 1:15 p.m. ET, shares were down 22%, contributing to a 1.2% decline overall. The S&P 500 and Nasdaq Composite are also feeling the pressure today, each down about 2%. Tech stocks are […]
C3.ai Falls Short of Q2 Revenue Projections, Stock Decreases by 12.6%
Company Revenue Misses Expectations Enterprise AI software firm C3.AI (NYSE:AI) fell short of Wall Street’s revenue forecasts for the second quarter, reporting a 19.4% decline compared to last year, with total revenue at $70.26 million. The forecast of $76 million for the upcoming quarter also disappointed, as it was 24.6% lower than what analysts expected. […]