C3.ai's (NYSE: AI) stock market rally has come to a screeching halt after a terrific start to the year. Shares of the artificial intelligence (AI) software provider have pulled back 41% in the past three months.

It looks like the stock will remain under pressure following the release of the company's latest earnings report. C3.ai released its fiscal 2024 first-quarter (ended July 31) results on Sept. 6, and investors were quick to press the panic button as the company now expects to post a bigger loss this year. The company was earlier forecasting an adjusted profit in the fourth quarter of the fiscal year, but it doesn't expect to hit that target anymore, instead planning to invest more money in generative AI offerings.

Let's take a closer look at the latest numbers and see if savvy investors should consider buying this AI stock following its latest drop.

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Source Fool.com