C3.AI shares are trading lower despite reporting better-than-expected Q4 financial results and issuing relatively in-line guidance. Expectations may have been high amid the stock's surge this year on AI momentum.
Portfolio Pulse from Benzinga Newsdesk
C3.AI reported better-than-expected Q4 financial results and issued relatively in-line guidance, but shares are trading lower. The stock's surge this year on AI momentum may have led to high expectations.
June 01, 2023 | 12:49 pm
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C3.AI shares are trading lower despite strong Q4 results and in-line guidance, possibly due to high expectations from the stock's AI-driven surge.
C3.AI reported better-than-expected Q4 financial results and issued relatively in-line guidance. However, the stock is trading lower, which could be attributed to high expectations from the stock's surge this year on AI momentum. This may lead to a short-term negative impact on the stock price.
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