C3.ai stock plunges after earnings miss and CEO change as guidance pulled

2 days ago 1
Artificial Intelligence processor unit. Powerful Quantum AI component on PCB motherboard with data transfers.

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C3.ai (NYSE:AI) shares fell in premarket trading on Thursday after a disappointing Q1 report, with revenue of $70.3 million and an adjusted loss of $0.37 per share both missing estimates. The weak results led Executive Chairman Thomas Siebel to step down as CEO.

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