Key Points
April 5 (Reuters) - Artificial intelligence (AI) stocks fell on Wednesday after a short seller alleged accounting issues at retail darling C3.ai Inc (AI.N), dampening investor interest in the group of small companies that have wildly outperformed the market this year...
Security firm Guardforce AI (GFAI.O) fell more than 18%, while data analytics firm BigBear.ai.
C3.ai shed a quarter of its value on Tuesday, cutting its market valuation to $2.80 billion, after Kerrisdale Capital said the firm has "serious accounting and disclosure issues" in a letter to its auditor Deloitte & Touche LLP...
Canaccord Genuity analyst Kingsley Crane said "there is no evidence of any real wrongdoing or fraud in the short-seller report, but it raises some concerns and investors could benefit from more clarity."..
C3.ai's stock has more than doubled in value this year thanks to a surge of investor interest in AI-related companies after the viral success of OpenAI's ChatGPT..
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