C3.ai (AI) Stock Plunges as Struggling Company Changes Leadership

C3.ai (AI), a struggling artificial intelligence software provider, replaced its CEO, posted a bigger loss and lower revenue than expected, and withdrew its full-year guidance due to reorganization. Shares dropped over 4% to their lowest level since early 2023.

The new CEO aims to reverse the company’s downward trend but faces significant challenges in restoring investor confidence.