Why C3.ai (AI) Shares Are Getting Obliterated Today

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Shares of artificial intelligence (AI) software company C3.ai (NYSE:AI) fell 5.7% in the morning session after the major indices tumbled (Nasdaq down 1.1%, S&P 500 down 1.0%) while yields soared, as the Bureau of Labor Statistics reported non-farm payrolls for the month of December 2024, which was stronger than expected, raising concerns the Fed might hold rates at the current levels for longer. Payrolls jumped by 256,000, far surpassing analysts’ forecasts of a 155,000 gain. Meanwhile, the unem

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