C3.ai shares plummet 20% after subscription revenue misses estimates

Shares of C3.ai dropped by 20% in premarket trading on Thursday, following the company’s disappointing subscription revenue for the first quarter. The enterprise AI software manufacturer posted $73. 5 million in subscription revenue, missing LSEG analysts’ estimate of $79. 1 million. This has led to concerns among investors with the possibility of a $600 million