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C3.ai Stock Hits New Lows After Results Disappoint Wall Street


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Shares of the artificial intelligence software firm C3.ai traded sharply lower on Thursday after the company’s latest financial results left the Street seriously disappointed, spurring a flurry of analyst price target cuts and at least one downgrade.

For its fiscal second quarter ended October 31, C3.ai (ticker: AI) posted subscription revenue of $47.4 million, up 32% on the year—and slightly below Street forecasts.

On...