Short-seller's allegations cause C3.ai stock to plummet.
TL;DR Summary
AI stocks fell after short-seller Kerrisdale Capital alleged accounting issues at C3.ai, causing a 25% drop in the company's value. Other AI-related companies, including Guardforce AI, BigBear.ai, and SoundHound AI, also saw declines. Despite the setback, AI stocks have outperformed the market this year, driven by investor excitement. The recent slowdown in the rally is attributed to concerns over the use of AI and regulatory moves by countries.
- AI stocks tumble after short-seller attack on C3.ai Reuters
- C3.ai Plunges 26% On Kerrisdale Capital's Letter To Auditor Investor's Business Daily
- C3.ai stock sinks following short-seller letter Yahoo Finance
- C3.ai Plunges After Short-Seller Alleges Accounting Issues Yahoo Finance
- C3.ai's valuation profit 'ridiculously overvalued': Kerrisdale's Sahm Adrangi CNBC Television
Reading Insights
Total Reads
0
Unique Readers
1
Time Saved
1 min
vs 2 min read
Condensed
78%
314 → 68 words
Want the full story? Read the original article
Read on Reuters