Wall Street Breakfast Podcast: C3.Ai's Big Miss

Group 1: C3.ai Performance and Strategy - C3.ai (AI) shares fell 23% in premarket trading after reporting a quarterly earnings miss and projecting revenue below expectations [5] - The company announced a major restructuring plan, cutting $135 million in expenses, which includes a 26% reduction in workforce [5] - For Q4, C3.ai expects total revenue of $48.0 – $52.0 million, significantly below the consensus estimate of $77.72 million [5] Group 2: C3.ai Bookings and Market Position - C3.ai highlighted strong federal, defense, and aerospace bookings, with federal bookings increasing by 134% year-over-year, accounting for 55% of total bookings [5] - Key customer wins include the U.S. Department of Agriculture, U.S. Department of Energy, NATO, Royal Navy, GSK, Thales, ExxonMobil, and U.S. Steel [5] Group 3: Nvidia Financial Results - Nvidia (NVDA) shares rose 1.3% after reporting fiscal fourth-quarter results, with adjusted earnings of $1.62 per share and revenue of $68.13 billion, a 73% year-over-year increase [5] - For the fiscal first quarter, Nvidia expects revenue to be around $78 billion, exceeding analysts' expectations of $72.78 billion [5] Group 4: DeepSeek's Strategic Move - Chinese AI firm DeepSeek has withheld its upcoming AI model from U.S. chipmakers, which deviates from standard industry practices [5] - This move is perceived as part of a broader strategy by the Chinese government to disadvantage U.S. hardware and models in China [5]