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MARKETS LIVE BLOG:

STOCKS EXTEND GAINS AS RESULTS SEASON KICKS INTO HIGH GEAR

Tech-focused investors prepare for fresh wave of earnings highlighted by struggling Tesla

Why C3.ai Stock Was Sliding Today

Jeremy Bowman, The Motley Fool
·2 min read
Why C3.ai Stock Was Sliding Today

There was no news out on the volatile AI stock, but its fiscal fourth-quarter earnings report is due out after hours today, and investors seem to be positioning themselves ahead of the report, with some investors taking profits after yesterday's pop. An earlier attack by short-seller Kerrisdale Capital had sent the stock spiraling, but C3.ai seemed to put the charges behind it after that announcement. Additionally, Nvidia's (NASDAQ: NVDA) blowout guidance in its earnings report last week stoked another round of enthusiasm for AI stocks, with C3.ai rallying once again.

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