Why C3.ai Stock Got Chopped Today
C3.ai(AI) The Motley Fool·2024-09-05 23:18
Revenue growth improved, but losses are still piling up.Shares of C3.ai (AI -13.12%), 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. C3.ai is still strugglingC3.ai stock caught fire in the initial stages of the generative AI boom. However, it has cooled off since then becau ...