Why C3.ai Crashed 42% in the First Half of 2022
Shares of C3.ai (NYSE: AI) plunged by 41.2% over the first six months of the year, according to data provided by S&P Global Market Intelligence, despite oil prices surging throughout the period.
Because the artificial intelligence provider for businesses has a heavy concentration in the energy industry, with some of the biggest names in oil and gas among its clients, it seems a bit surprising C3.ai hasn't done better. But the energy sector boom hasn't provided a gusher of opportunity for the AI outfit.
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Source Fool.com
