Why are C3.AI Shares Plunging in Premarket Trading?
C3.ai shares are plummeting in premarket trading following a securities lawsuit, massive revenue miss in Q1 earnings, and leadership concerns.
BTC$62,618.00-0.25%
ETH$1,784.25+0.38%
USDT$0.9988-0.04%
USDC$0.9999+0.01%
XRP$1.07-0.61%
SOL$75.19-1.62%
TRX$0.3249-1.59%
FIGR_HELOC$1.03+1.91%
HYPE$63.74-2.41%
DOGE$0.0723+0.10%
USDS$0.99970.00%
RAIN$0.0143-0.35%
LEO$9.54+0.05%
ZEC$507.59-1.85%
WBT$54.95-0.04%
BTC$62,618.00-0.25%
ETH$1,784.25+0.38%
USDT$0.9988-0.04%
USDC$0.9999+0.01%
XRP$1.07-0.61%
SOL$75.19-1.62%
TRX$0.3249-1.59%
FIGR_HELOC$1.03+1.91%
HYPE$63.74-2.41%
DOGE$0.0723+0.10%
USDS$0.99970.00%
RAIN$0.0143-0.35%
LEO$9.54+0.05%
ZEC$507.59-1.85%
WBT$54.95-0.04%
C3.ai stock jumped 16% in premarket trading after reports emerged that the enterprise AI software provider is in merger talks with Automation Anywhere.
C3.ai shares are plummeting in premarket trading following a securities lawsuit, massive revenue miss in Q1 earnings, and leadership concerns.
C3.ai shares crashed over 32% in premarket trading after reporting preliminary Q1 revenue of $70.2-$70.4 million, falling 33% below guidance.
The company's stock jumped 25.23% to $28.83 following the earnings announcement, driven by strong subscription growth and expanded strategic partnerships.
These stocks have been sufficiently volatile for a short squeeze scenario.
C3.ai's shares plunged in Thursday's premarket trading following a poor quarterly earnings report.
Equally speculative, AI's equivalent to DeFi Summer seems to be winding down.