Why C3.ai Stock Got Chopped Today
Shares of C3.ai (NYSE: AI), the software-as-a-service company that provides artificial intelligence (AI) for the enterprise, were taking a dive today after the company offered disappointing guidance in its fiscal first-quarter earnings report. As a result, the stock was down 11% on the news as of 10:06 a.m. ET.
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C3.ai stock caught fire in the initial stages of the generative AI boom. However, it has cooled off since then because its results haven't matched the blowout growth one would expect from an AI company in this era.
Source Fool.com
