Million

Reversal

<ul class="list-ic vertical"> 
 <li> 1 <a>C3.ai Inc. (NYSE: AI) will release quarterly earnings on August 31, 2023.&nbsp;</a> </li> 
 <li> 2 <a>AI stock price is in a short-term downtrend after falling over 50% since the beginning of August 2023.</a> </li> 
</ul> 
Artificial intelligence (AI) technology is booming this year. Most companies involved in the AI operations took advantage and their stock prices saw a considerable increase. AI enterprise provider C3.ai Inc. (NYSE: AI) is worthy of an example. AI stock price saw a rise of over 300% since the start of the first half of this year.&nbsp;&nbsp; 
With such an outstanding performance, AI stock outperformed almost all its counterparts in the space. The cross-industries enterprise AI solution provider company saw a slow and flat growth in revenue in the past several years. But it did well in the profit margin and debt-to-equity ratio front. This suggests the broader market’s positive outlook for the company.&nbsp; 
C3.ai positioned itself at the top among the best performers across the AI space after implementing AI solutions across businesses, gradually yet consistently. Additionally, the continued buzz around artificial intelligence pushed the company as well as AI stock price to impressive levels.&nbsp; 
C3.ai will be releasing quarterly financial results by August 31st, 2023. For the quarter ending in July 2023, the company is expecting a revenue of $71 Million, close to the previous quarter’s estimates. However, it reported over $72 Million in revenue affirming the growth potential of the company.&nbsp; 
The sentiment pumped AI share price by over 50% within 15 days and the generated momentum made it attain a 52-week high of $48.&nbsp; 
<h2 class="wp-block-heading" id="strong-c3-ai-nyse-ai-stock-price-movement-strong">C3.ai NYSE: AI Stock Price Movement</h2> 
Currently, AI stock price attained $30.55 following an increase of 1.8% in the last intraday trading session on Friday, August 18th. Until August, the stock price was in an uptrend and fell over 35% since the beginning of this month.&nbsp; 
Given the recent fall, AI share broke the immediate support at $32. The downtrend made the price drop below the 50-day moving average of $35 and it is closing to the 200-day moving average of $28.&nbsp; 
Despite the recent decline, AI stock price is more than 160% up year-to-date (YTD).&nbsp; 
<div class="wp-block-image"> 
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 <img decoding="async" src="https://lh4.googleusercontent.com/RlGFACTWgj7ww9Nz-ATVCOL8Kir26vAnPh--ZMhP-yP81MenQLtcL1f6817wTAOvb3zkgwd34OT4Xg1X_Q7RzSBaycD_y_vKGGlu7eA0r0eVBv-V7YW85w6pAH0nkd7j01BcPOf1LaeaKJuCjxBNEA" alt="Will C3.ai (AI) Stock Price See Trend Reversal Till Earnings?"> 
 <figcaption class="wp-element-caption">
 Source: C3.ai Inc (NYSE: AI) Stock Price Movement on <a href="https://www.tradingview.com/x/gq3HV8LC/" rel="noopener noreferrer nofollow">TradingView</a> 
 </figcaption> 
 </figure> 
</div> 
Considering the price movement currently, <a href="https://www.thecoinrepublic.com/2023/08/07/c3-ai-stock-price-240-up-ytd-moving-ahead-for-52wk-high-at-49/" target="_blank" rel="noopener noreferrer nofollow">AI stock</a> is expected to continue the fall. It is likely to see a trend reversal given the company or industry-specific news.&nbsp; 
C3.ai will post financial earnings results for the last quarter by the end of August. Akin to the previous quarter, AI share is expected to see the up move post positive earnings call.&nbsp; 
The immediate resistance for AI share stands at $44 before attaining the yearly high of $49.&nbsp; 
<h5 class="wp-block-heading">Disclaimer</h5> 
The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.

Will C3.ai (AI) Stock Price See Trend Reversal Till Earnings?

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