C3 AI (AI) Nosedives as Preliminary Results ‘Completely Unacceptable’

insidermonkey
2025.08.12 16:17
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C3.ai, Inc. (NYSE:AI) experienced a significant decline of 25.58% to close at $16.47 after CEO Tom Siebel deemed the preliminary results for Q1 FY2026 as "completely unacceptable." The company projected revenues of $70.2 million to $70.4 million and a GAAP operational loss of $124.7 million to $124.9 million. Siebel's resignation due to health issues has raised concerns about the company's leadership and performance. Despite the challenges, there are discussions about the potential of AI investments, highlighting the urgent need for energy solutions to support the growing demand from AI technologies.