Why C3.ai Plunged in August

Shares of C3.ai (NYSE: AI) dropped 28.2% in August after the company pre-announced its fiscal first-quarter results, revealing expected revenue of $70.3 million and adjusted operating losses of $57.8 million, significantly missing initial guidance of $104.5 million in revenue and $28.5 million in losses. The disappointing news led to a negative market reaction.

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