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These Stocks Are Moving the Most Today: C3.ai, GameStop, UiPath, ChargePoint, Yext, BlackBerry, WestRock, and More

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C3.ai withdraws its forecast that it would reach profitability on an adjusted basis by the end of fiscal 2024, GameStop reports a narrower-than-expected...

Stock futures wavered Thursday as investors worried over the prospect of the Federal Reserve keeping interest rates higher for longer.Shares of C3.ai fell 9.9% after the artificial intelligence software provider forecast a wider-than-expected fiscal-year loss and withdrew its previous forecast that it would reach profitability on an adjusted basis by the end of fiscal 2024. Regarding artificial intelligence, CEO Thomas Siebel said the market opportunity was “immediate and we intend to seize it.

Adjusted second-quarter earnings from business- automation software company UiPath beat Wall Street expectations and the stock rose 5.6%. UiPath said its expects fiscal third-quarter revenue of between $313 million and $318 million, and fiscal-year revenue of between $1.27 billion and $1.28 billion. Analysts had been estimating fiscal-year revenue of $1.27 billion. UiPath’s board also authorized the buyback of $500 million of stock.

BlackBerry was down 11% after the cybersecurity company forecast second-quarter revenue of $132 million, below analysts’ estimates. BlackBerry said revenue was taking a hit “primarily due to certain large government deals not closing in the quarter.” Smurfit Kappa Group confirmed it was in talks with WestRock over a potential merger. The Wall Street Journal had reported that Europe’s Smurfit Kappa was nearing a deal to acquire WestRock in a move that would create a global paper and packaging company worth about $20 billion. WestRock shares rose 8.4%.

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