Why C3.ai Stock Is Plummeting Today
C3.ai (NYSE: AI) stock is getting hit with big sell-offs in Thursday's daily trading session. The company's share price was down 22% as of 1:15 p.m. ET amid a 1.2% decline for the S 500 and a 2% slide for the Nasdaq Composite.
Tech shares are generally under pressure today as investors adjust positions following Nvidia's recent quarterly report and concerns about macroeconomic dynamics, but much of C3.ai's valuation slide is stemming from the company's recent quarterly report. The software and consulting services published _ quarter results after the market closed yesterday, and the print flashed some big warning signs.
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Source Fool.com
