April 16, 2024
AI startup C3.ai’s stock plunges 22% after softer revenue guidance

AI startup C3.ai’s stock plunges 22% after softer revenue guidance

Shares of white-hot Ai startup C3.ai Inc., which had been hurtling toward record highs earlier this week, took an abrupt U-turn Wednesday.

The company’s stock AI skidded 14% in after-hours trading in the minutes leading up to its quarterly financial results. When C3.ai reported mere minutes before its earnings call at 5 p.m. Eastern, the stock continued its tailspin, ending the extended session down 22% on soft annual revenue guidance.

C3.ai,…

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