AI startup C3.ai’s stock plunges 20% after softer revenue guidance
May 31, 2023 at 17:15 PM EDT
The company's stock AI plunged 14% in the minutes leading up to its quarterly financial results. And when C3.ai reported mere minutes before its earnings call at 5 p.m. ET, the stock continued its tailspin, dropping 18% on soft annual revenue guidance.