The Federal Trade Commission has joined in the chorus of government regulators opposing Nvidia Corp.'s proposed $40 billion acquisition of ARM Holdings Plc. with a lawsuit that could be the nail in the coffin for the deal. Read More...
Motley Fool
Why C3.ai Stock Got Clobbered on Thursday
Shares of C3.ai (NYSE: AI) tumbled out of the gate Thursday, plunging as much as 18.7%, though the stock recovered somewhat, ending the day down just 11.2%. For the fiscal second quarter (ended Oct. 31), C3.ai delivered revenue of $58.3 million, up 41% year over year, driven by subscription revenue of $47.4 million, up 32%. The company’s remaining performance obligation (RPO), which consists of contractually obligated sales that have yet to be recognized as revenue, surged to $465.5 million, up more than 74% year over year, suggesting that business will continue to thrive for the foreseeable future.
