C3.ai (AI) Falls On Alleged "Serious Accounting Issues"

C3.ai (AI) stock drops as short seller Kerrisdale Capital released a short report last month. Jeff Pierce joins Alex Coffey and Jenny Horne to discuss AI. He talks about how Kerrisdale Capital sent a letter to AI's auditor, Deloitte, to document "serious accounting issues." They allege aggressive accounting to inflate the income statement to meet analyst estimates and conceal significant deterioration in underlying operations. Jeff talks about how it's difficult for investors to make sense of these reports when they come out. Tune in to find out more about the stock market today.