Here's Why C3.ai Stock Dropped 13% Last Month
Shares of C3.ai (NYSE: AI) fell 12.8% in August, according to data provided by S&P Global Market Intelligence. The stock slumped ahead of its quarterly earnings report as investors adjusted their expectations for AI software.
AI stocks showed weakness across the board in the first week of August. The likes of Microsoft (NASDAQ: MSFT), Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL), Nvidia (NASDAQ: NVDA), and Palantir (NYSE: PLTR) all moved sharply lower during the first seven days of the month. C3.ai dropped 12.5% during that time.
Source Fool.com
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