C 3 Ai Inc (AI)

C3.ai (AI) stock fell by 5.24% as economic factors overshadowed the company's future prospects. Despite the significant potential of artificial intelligence (AI) to boost productivity and profits, investors are also closely watching the Federal Reserve Bank for insights into the future trajectory of interest rates.

• Impact of Economic Factors: The market has been propelled higher in recent times by the promise of AI, but concerns about interest rates and inflation have dampened investor sentiment. Many investors are eagerly awaiting a round of interest rate cuts to combat inflation, but recent reports suggest that higher prices are still a concern. The latest Consumer Price Index (CPI) data showed a 3.5% increase in March compared to the previous year, higher than economists' expectations. This has dimmed hopes for an imminent interest rate cut and has led to anxiety among investors.
• Company-Specific News: While there were no major company-specific developments, the falling stock prices suggest that investors are more focused on broader economic factors and geopolitical conflicts. C3.ai specializes in creating plug-and-play AI software models for businesses. However, with businesses cautious about expanding operations and adopting new technologies in the face of elevated borrowing costs, the stock has faced downward pressure.

Shares of C3.ai Inc (AI) dropped by 10.77% from $29.16 to $26.02 in the trading on Thursday, December 7, 2023. The reason why AI is down today is due to disappointing quarterly results.

• Earnings: C3.ai reported an adjusted loss of 13 cents per share in second-quarter fiscal 2024, narrower than the Zacks Consensus Estimate of a loss of 19 cents. The company reported a non-GAAP loss of 11 cents in the year-ago quarter.
• Revenue: Revenues of $73.2 million increased 17.3% year over year and were in line with the lower end of the management’s projection between $72 million and $76.5 million. However, the figure lagged the consensus mark by 1.7%.

C3.ai Inc Stock (AI) dropped by 4.33% from $29.31 to $28.04 in the trading on Monday November 20, 2023. The reasons why AI stock down today is due to the reports of job cuts. Bloomberg reported that the cuts were related to employee performance and cost-cutting, with affected employees receiving one-month's severance. The company emphasizes ongoing hiring efforts for strategic positions and managing performance to maintain high standards. C3.ai had 914 employees in April, and the extent of the recent cuts remains undisclosed.

C3.ai, Inc. (AI) witnessed a significant 12.24% decline, with its shares falling to $27.61 in response to its quarterly results. The company reported revenue of $72.4 million, slightly exceeding analysts' expectations of $71.6 million. Additionally, its adjusted loss per share of $0.09 was narrower compared to the previous year and better than the anticipated loss of $0.17 per share.

https://www.fool.com/investing/2023/09/07/why-c3ai-stock-dropped-today/

C3.ai, Inc. (AI) stocks declined 11.56% to $28.83. Investors are likely looking at the response to Nvidia's stellar Q2 earnings report and worrying that the bullish run for AI stocks is running out of steam.

https://www.fool.com/investing/2023/08/24/why-c3ai-stock-is-plummeting-today/

AI's stock fell 10.82% following its recently disappointing investor day. Deutsche Bank commented that its event failed to ease the ongoing skepticism since there were no details on financials, limited updates on business operations and most of the investors did not even attend.

https://www.marketwatch.com/story/c3-ais-stock-extends-tumble-as-skepticism-abounds-1e28a9aa

C3.ai (AI -11.02%) saw a sharp decline in its share price on Monday, with the stock dropping by as much as 13% at the start of the day. Despite some minor recovery, the stock still closed down 11%.

This drop can be attributed to a recent downgrade and cautious commentary from a Wall Street analyst, which has caused concern among investors about the future prospects of the company that provides enterprise artificial intelligence (AI) software.

https://finance.yahoo.com/m/56b770ee-c5fe-3f5e-8d8d-03cb4a790d82/why-c3.ai-stock-cratered-on.html

AI is dropping today after a short seller raised concerns about potential accounting problems. The short seller alerted the company's auditor to these issues, which may have contributed to the stock price decline.

https://seekingalpha.com/news/3954296-c3ai-drops-after-short-seller-warns-auditor-on-alleged-accounting-issues?utm_campaign=twitter_automated&utm_content=news&utm_medium=social&utm_source=twitter_automated