C3.ai, Inc. (AI) saw its stock price plummet 5.05% during Wednesday's intraday trading session, as the company was caught in a widespread sell-off affecting AI software shares.
The decline comes amid growing market anxiety about artificial intelligence disruption, with investors engaging in what has been described as "indiscriminate selling" of companies perceived as potential targets for AI-driven obsolescence. C3.ai was specifically mentioned among other AI software firms experiencing significant declines, including Unity, Duolingo, HubSpot, and Datadog.
Market analysts note that software and tech stocks have come under increasing pressure as AI companies continue to unveil new tools capable of automating industry-specific functions. This has led to a "sell first, ask questions later" mentality among investors concerned about which business models might be disrupted by advancing AI technology.