Short-sellers are having a go at this "AI" company.
In this video, I will explain why C3.ai (AI -0.85%) crashed 26% on Tuesday. Like Hindenburg's short report of Block, C3.ai got one from Kerrisdale and accused the company of accounting irregularities. Despite all this, the stock is still up 120% year to date, but many will say that it is because of the recent hype surrounding ChatGPT and less about the company's financials.
*Stock prices used were from the trading day of April 4, 2023. The video was published on April 4, 2023.
Neil Rozenbaum has positions in Block. The Motley Fool has positions in and recommends Block. The Motley Fool recommends C3.ai. The Motley Fool has a disclosure policy.
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