🔴 C3.ai is trading 6% down today on weak bookings and soft outlook

AI is trading at $8.91 (-6.01%) after reporting Q4 results that met revenue guidance but missed on bookings expectations.

• While revenue reached $51.6M, shares are under pressure due to a weak outlook and non-GAAP operating losses despite a $135M cost-savings plan.
• The stock is also facing headwinds from a broader market sell-off, with the S&P 500 down 0.52% amid inflation and geopolitical concerns.