AI Stocks Extended Their Losses in Morning Trading; C3.ai Tumbled Over 16% While Palantir Slipped Over 6%

Tiger Newspress2023-09-07

AI stocks extended their losses in morning trading; C3.ai, Inc. tumbled over 16% while Palantir Technologies Inc. slipped over 6%.

C3.ai forecast a wider-than-expected fiscal-year loss and withdrew its previous forecast that it would reach profitability on an adjusted basis by the end of fiscal 2024.

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