Why C3.ai Stock Plummeted Today @Themotleyfool #Stocks $AI
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4 Articles
Why C3.ai Stock Plummeted Today @themotleyfool #stocks $AI
Key PointsC3.ai stock sank today after the company announced that it had started looking for its next CEO.Tom Siebel founded C3.ai and has been its CEO ever since, but he is stepping back from the role due to health reasons. Wedbush Morgan thinks that Siebel's exit from the CEO position increases the chances that C3.ai will be acquired. 10 stocks we like better than C3.ai › C3.ai (NYSE: AI) stock got hit with big sell-offs today after the compan…
C3 AI CEO Tom Siebel to resign for health reasons - SiliconANGLE
C3 AI founder and Chief Executive Officer Tom Siebel today announced that he will step down because of health issues. Shares of the artificial intelligence company closed 11% lower on the news. In a note, Wedbush Securities Inc. analyst Dan Ives told investors that Siebel’s resignation “significantly increases” the chance of C3 AI getting acquired. […] The post C3 AI CEO Tom Siebel to resign for health reasons appeared first on SiliconANGLE.
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