C3.ai Stock Plummets 12.5% Amidst Lawsuit and Dismal Earnings

Shares of C3.ai (AI) are plummeting in premarket trading, dropping over 12.5%, as the enterprise AI software company grapples with a perfect storm of negative events including a securities class action lawsuit, disappointing Q1 earnings results, and leadership transitions. The stock has already lost over 50% year-to-date, making it one of the worst performers in the AI sector despite broader industry growth.