C3.ai Stock Plummets Despite AI Hype.

C3.ai's stock price fell by 20% in extended trading after the company provided a fiscal-year revenue outlook that fell short of analysts' estimates. The Redwood City-based company projected an adjusted loss of $50 million to $75 million in the fiscal year, which is in line with estimates. Short interest amounted to about 29% of shares available to the public as of May 24, according to data from S3 Partners. C3.ai has struggled to sign new major customers and recently shifted to consumption pricing to court companies that are hesitant to commit to big contracts.