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Why C3.ai Stock Plunged 47% Last Month

TheMotleyFool

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Why C3.ai Stock Plunged 47% Last MonthPhoto, wide shot, wide-angle lens, Computer hardware manufacturer, sunset photo at golden hour, photo by Art Wolfe: https://img.midjourneyapi.xyz/temp/7835e381-fcae-4834-ba93-4708292dc055.png

Shares of C3.ai (NYSE: AI) took a dive last month after a short-seller came out against the stock and a Wall Street analyst questioned the bull case in the artificial intelligence (AI) stock. According to data from S&P Global Market Intelligence, the formerly high-flying stock tumbled 47% in April.

As you can see from the chart below, most of those losses came early in the month after short-seller Kerrisdale Capital released its short report.

AI data by YCharts

Source Fool.com

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