Why C3.ai Stock Collapsed This Week

This company is struggling to generate a profit.Shares of C3.ai (AI) fell 19% this week, according to data from S&P Global Market Intelligence. The artificial intelligence (AI) company, which builds enterprise applications, released dismal preliminary financial results for its latest quarter, while the company's CEO announced that he would be departing the company. C3.ai has never generated a profit, and its stock is down 90% from all-time highs set from its initial public offering (IPO).Here's why the stoc ...