C3.ai Stock Plummets 32% as Q1 Results Fall Short

C3.ai (NYSE: AI) shares experienced a dramatic decline of over 32% in premarket trading on Monday following the release of preliminary first-quarter results that missed analyst expectations. The company attributed the disappointing performance to organizational restructuring and personal health issues impacting sales involvement, CEO Thomas Siebel acknowledged. This news has sparked immediate analyst downgrades and raised concerns about the company’s near-term growth prospects.