Previous Close | 40.01 |
Open | 32.76 |
Bid | 34.55 x 2200 |
Ask | 34.68 x 1800 |
Day's Range | 30.26 - 37.25 |
52 Week Range | 10.16 - 44.02 |
Volume | |
Avg. Volume | 24,814,223 |
Market Cap | 3.896B |
Beta (5Y Monthly) | N/A |
PE Ratio (TTM) | N/A |
EPS (TTM) | -2.20 |
Earnings Date | Aug 29, 2023 - Sept 04, 2023 |
Forward Dividend & Yield | N/A (N/A) |
Ex-Dividend Date | N/A |
1y Target Est | 19.70 |
As the pull back in consumer spending continues to impact retailers, the Yahoo Finance Live team takes a look at shares of Macy's, Dollar General, and Nordstrom. Shifting to the auto industry, EV maker Lucid's stock dropped after announcing a new stock offering. On the AI front, C3.ai shares plunged after the company issued a disappointing outlook.
C3.ai shares have benefited from the AI hype. But that may not be the case anymore. The AI developer's shares plunged after posting weaker-than-expected full-year guidance. Yahoo Finance Live discusses the stock's selloff.
The provider of enterprise AI software has failed to reap the financial rewards of the AI revolution.
U.S. stock indexes closed up on Thursday as signs of slowing wage pressure on inflation raised hopes the Federal Reserve will pause raising interest rates in two weeks, and investors welcomed a vote in Congress to suspend the U.S. debt ceiling. The number of Americans filing new claims for unemployment benefits rose modestly last week, while private payrolls increased more than expected in May, pointing to a still tight labor market that could push the Fed to keep rates elevated. Focus now shifts to the Labor Department's closely watched unemployment report for May, due on Friday.
U.S. stock indexes rose on Thursday as investors cheered a vote in Congress to suspend the U.S. debt ceiling, while signs of slowing wage pressure on inflation added to growing optimism the Federal Reserve will skip raising interest rates in two weeks. for unemployment benefits rose modestly last week, while private payrolls increased more than expected in May, pointing to a still tight jobs market that could push the Fed to keep rates elevated. But wage inflation is slowing, as reported by ADP, while a Labor Department report said the price of labor per single unit of output rebounded at a 4.2% rate in the first quarter - a downward revision from the 6.3% growth pace estimated in May.
U.S. stock indexes rose by midday trading on Thursday as investors cheered passage of a bill by lawmakers to suspend the nation's debt ceiling amid bets that the Federal Reserve will skip raising interest rates in its next meeting. The bill to suspend the $31.4 trillion debt ceiling headed to the Senate, which must enact the measure before a Monday deadline, when the government is expected to run out of money to pay its bills.
The provider of enterprise artificial intelligence (AI) software solutions released quarterly results that illustrated its continuing struggles, even as the rapidly accelerating adoption of all things AI has lifted much of the sector in recent months. For its fiscal 2023 fourth quarter (ended April 30), C3.ai generated revenue of $72.4 million, which was flat year over year -- even in the face of the ongoing AI boom.
The Dow fell on Thursday after dismal earnings from Salesforce tempered optimism sparked by passage of a bill by lawmakers to suspend the nation's debt ceiling and bets that the Federal Reserve will skip raising interest rates in its next meeting. The bill to suspend the $31.4 trillion debt ceiling on Wednesday passed with majority support from both Democrats and Republicans and will now head to the Senate, which must enact the measure before a Monday deadline, when the government is expected to run out of money to pay its bills.
The Dow Jones Industrial Average was set to open lower on Thursday after dismal earnings from Salesforce tempered optimism sparked by passage of a bill by lawmakers to suspend the nation's debt ceiling. The bill to suspend the $31.4 trillion debt ceiling on Wednesday passed with majority support from both Democrats and Republicans and will now head to the Senate, which must enact the measure before a Monday deadline, when the government is expected to run out of money to pay its bills.
Stock index futures were up modestly on Thursday morning after the vote late last night, and investors also kept a watch on interest rates to see what a potential massive issuance of new Treasury debt might do to the financial system. Both C3.ai (NYSE: AI) and Salesforce (NYSE: CRM) have announced plans to lead the artificial intelligence revolution forward, yet neither company was able to reassure its investors that it will be able to sustain the growth rates that many have hoped to see. Shares of C3.ai dropped 19% early Thursday morning.
The enterprise AI software company's quarterly results beat Wall Street's revenue and earnings estimates.
U.S. stock index futures edged higher on Thursday after the House of Representatives passed a bill to suspend the nation's debt ceiling, while investors awaited more data to determine the strength of the labor market. The bill to suspend the $31.4 trillion debt ceiling on Wednesday passed with majority support from both Democrats and Republicans and will now head to the Senate, which must enact the measure before a Monday deadline, when the government is expected to run out of money to pay its bills.
(Reuters) -Shares of C3.ai Inc dropped 13% on Thursday after the software maker's disappointing quarterly revenue forecast dented some of the recent euphoria around artificial intelligence-linked stocks. Most other AI-related small-cap stocks also fell, with analytics firm BigBear.ai, conversation intelligence firm SoundHound AI and Thai security firm Guardforce AI down between 2.8% and 5.7%. A jaw-dropping forecast last week from Nvidia, the world's most valuable listed semiconductor company, further fueled C3.ai's rally, sending its shares to a near 1-1/2-year high on Tuesday.
Investing.com -- C3.ai (NYSE:AI) shares traded 20% lower in pre-market after the AI software firm offered weaker-than-expected guidance.
With me on the call today is Tom Siebel, chairman and chief executive officer; and Juho Parkkinen, chief financial officer. After market closed today, we issued a press release with details regarding our fourth-quarter results, as well as the supplemental of our results, both of which can be accessed through the Investor Relations section of our website at ir.c3.ai.
(Bloomberg) -- C3.ai Inc. plunged 20% in extended trading after providing a fiscal-year revenue outlook that fell short of analysts’ estimates, fueling concerns the artificial intelligence software company is not living up to the investor enthusiasm that has seen its stock price more than triple this year.Most Read from BloombergChina Is Drilling a 10,000-Meter-Deep Hole Into the EarthInside the Making of Redfall, Xbox’s Latest MisfireWall Street Banks Are Using AI to Rewire the World of Finance
C3.ai, Inc. (AI) delivered earnings and revenue surprises of 23.53% and 0.12%, respectively, for the quarter ended April 2023. Do the numbers hold clues to what lies ahead for the stock?
Yahoo Finance Live breaks down some of the biggest stock movers in after-hours trading.
REDWOOD CITY, Calif., May 31, 2023--C3.ai, Inc. (NYSE: AI), the Enterprise AI application software company, today announced financial results for its fiscal fourth quarter and full fiscal year ended April 30, 2023.
As chipmaker Nvidia soars above a $1 trillion market value, investors are searching for the next big tech name that could see the same AI boost. Portfolio Manager of the BullseyeBrief.com American Ingenuity Fund Adam Johnson details several tech stocks that could follow Nvidia's lead and capitalize on artificial intelligence trends.
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.
A look at the stocks making headlines on Wednesday.
C3.ai has a lot of problems to overcome in order to be a successful investment over the next three years.