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Technology Stocks : C3ai

AI 17.58

+3.2%

Oct 31 9:30 AM EST

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From: Julius Wong	2/13/2023 7:40:42 PM
	1 Recommendation Recommended By Ron of 132

Why did C3.ai shares fall 8% Monday? New regulation speculation rises Feb. 13, 2023 4:26 PM ET C3.ai, Inc. (AI) By: Rex Crum, SA News Editor 4 Comments Black_Kira/iStock via Getty Images C3.ai (NYSE: AI) shares dropped more than 8% Monday as the company suffered in the wake of a report that U.S. legislators might consider new regulation to cover the artificial intelligence industry. According a report from Reuters, some lawmakers have started to "take an interest" in AI stocks, due in part to a wave of attention recently given to ChatGPT technology. Like many companies that even give off a hint of being involved in artificial intelligence, C3.ai ( AI) has been in the crosshairs of investors since the start of the year. Until Monday's losses, C3.ai ( AI) shares had more-than-doubled since the end of 2022. Last week, C3.ai ( AI) received some upbeat comments from D.A. Davidson Gil Luria started coverage on C3.ai ( AI) with a buy rating and $30-a-share price target on the company's stock. Luria called C3.ai ( AI) a "truly scarce asset."

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