C3 AI (AI) Loses 10.8% as CEO Steps Down
C3 AI snapped a two-day rally on Thursday, losing 10.84 percent to close at $26 apiece as investors repositioned portfolios following its chief executive's announcement that he was stepping down from his post.
In a statement, C3.ai, Inc. (NYSE:AI) said that CEO Thomas Siebel has tendered his resignation due to health reasons, effective upon a successor assuming his post.
'After being diagnosed with an autoimmune disease in early 2025, I have experienced significant visual impairment,' he said.
'For C3 AI to reach its full potential—which I believe is spectacular—the board and I have initiated a search for a new CEO who can take the company to the next level of growth and success. I will remain fully engaged as Chief Executive Officer of C3.ai until such time as the C3.ai board appoints my successor, after which I will continue in the role of Executive Chairman, focusing on strategy, product innovation, strategic partner and customer relationships,' he noted.
Meanwhile, an analyst from Wedbush said that the chief's resignation presented an opportunity for other firms to acquire C3.ai, Inc. (NYSE:AI).
Wedbush gave C3.ai, Inc. (NYSE:AI) an 'outperform' rating and a price target of $35 apiece.
While we acknowledge the potential of AI as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the .
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