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Wajeeh Khan

C3.ai Plummets 20% After Earnings. Should You Buy the Dip in AI Stock Now?

AI C3 C3Ai Patrick Walravens Citizens

C3.ai (AI) shares crashed more than 20% on Thursday morning after the enterprise software firm posted a disappointing Q4, offered equally poor guidance, and announced mass layoffs. And while these job cuts signal new CEO Stephen Ehikian’s commitment to “turning the business around,” there are significant headwinds that warrant keeping on the sidelines in this NYSE-listed firm, Citizens’ senior analyst Patrick Walravens told clients in a research note today. 

Following the post-earnings slump, C3.ai stock is down more than 40% versus its year-to-date high. 

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