Why C3.ai (AI) Shares Are Getting Obliterated Today
From Stockstory.org does not appear to be associated with a specific media company.:
Shares of C3.ai fell 5.4% without clear reason behind the weakness. 2023 delivered widespread gains, notably in the tech sector, with AI companies leading the way. Traditional sectors, however, faced challenges. The recent market surge followed lower-than-expected inflation and a shift in the Federal Reserve’s stance, now projecting interest rate cuts in 2024. StockStory remains cautious, advising to invest in high-quality, cash-flowing companies. C3.ai’s volatility and current price ($28.77) showcase how the market processes news, recapping a Santa Claus rally and market trends. Lower interest rates bode well for stock valuations. C3.ai’s shares remain 38% below their 52-week high, with IPO investors seeing a drop in value from $1,000 to $310.84.
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