C3.ai Inc (NASDAQ:AI) shares are trading lower by 6.0% to $33.84 Wednesday morning. The stock is falling potentially in sympathy with peer big data analytics company Palantir Technologies Inc (NYSE:PLTR) after the company reported second-quarter results.
C3.ai may also be falling on downward momentum following a report from Bloomberg suggesting Baker Hughes Company sold more than 2.2 million shares in the second quarter.
What Happened With Palantir Earnings?
For the second-quarter, Palantir achieved its third consecutive quarter of GAAP profitability, reporting earnings of $0.05 per share, in line with analyst estimates.
The company’s AI-focused data software led to a 13% YoY revenue increase, reaching $533.32 million, which aligned with consensus projections…Read More
According to data from Benzinga Pro, C3.ai has a 52-week high of $48.87 and a 52-week low of $10.16.
