Why C3.ai Sank Again This Week
Shares of AI software maker C3.ai (NYSE: AI) plummeted 19.1% this week through Thursday trading, according to data from S&P Global Market Intelligence.
C3.ai had its fourth-quarter earnings release on Wednesday, and the results were pretty disastrous, with big misses on both the top and bottom lines.
While it appears the company may be a "melting ice cube," the new CEO has only been on the job for about six months, so there is still hope for a turnaround.
Source Fool.com
