What's Going On With C3.ai Stock Today?

C3.ai Inc AI shares are trading lower by 6.0% to $33.84 Wednesday morning. The stock is falling potentially in sympathy with peer big data analytics company Palantir Technologies Inc PLTR after the company reported second-quarter results.

C3.ai may also be falling on downward momentum following a report from Bloomberg suggesting Baker Hughes Company sold more than 2.2 million shares in the second quarter.

What Happened With Palantir Earnings?

For the second-quarter, Palantir achieved its third consecutive quarter of GAAP profitability, reporting earnings of $0.05 per share, in line with analyst estimates.

The company's AI-focused data software led to a 13% YoY revenue increase, reaching $533.32 million, which aligned with consensus projections...Read More

According to data from Benzinga Pro, C3.ai has a 52-week high of $48.87 and a 52-week low of $10.16.