10 Major Stocks Collapse

Ten stocks fell hard on Thursday, bucking a broader market optimism, as investors turned cautious after company-specific developments that dampened sentiment.

The Nasdaq led the rally among Wall street’s main indices, jumping 0.98 percent, followed by the S&P 500, up 0.83 percent, and the Dow Jones, by 0.77 percent.

In this article, we will take a look at Thursday’s worst performers and explore the reasons behind their drop.

To come up with the list, we considered the stocks with at least $2 billion in market capitalization and 5 million shares in trading volume.

A person with stock market data on a laptop. Photo by Anna Nekrashevich on Pexels

10. C3.ai Inc. (NYSE:AI)

C3 AI extended its losing streak to a fourth consecutive day on Thursday, dropping 7.31 percent to close at $15.46 apiece, as investor sentiment was dampened by the withdrawal of its growth outlook for the full fiscal year of 2026 amid the appointment of a new chief executive.

“Given the appointment of a new Chief Executive Officer and the recent restructuring of the sales and services organizations, the Company is withdrawing its previous full-year fiscal 2026 guidance. The Company will provide guidance for the third quarter of fiscal 2026 and full-year fiscal 2026 when it announces its financial results for the second quarter of fiscal 2026,” it said.

However, C3.ai Inc. (NYSE:AI) provided growth guidance for the first quarter, with total revenues targeted between $72 million and $80 million, with non-GAAP loss from operations of $49.5 million to $57.5 million.

Effective on September 1, 2026, C3.ai Inc. (NYSE:AI) was led by Stephen Ehikian, who most recently served as acting administrator of the US General Services Administration. Thomas Siebel will continue to serve as Executive Chairman.

It can be learned that Siebel announced his resignation as CEO in July, citing health issues.

In the first quarter of fiscal year 2026, C3.ai Inc. (NYSE:AI) widened its net loss by 86 percent to $116.8 million from $62.8 million in the same period last year. Total revenues dropped 19 percent to $70.26 million from $87.2 million year-on-year.

9. Hut 8 Corp. (NASDAQ:HUT)

Hut 8 snapped an eight-day winning streak on Thursday, shedding 7.44 percent to finish at $25.61 apiece, dragged by the drop in share prices of its subsidiary, American Bitcoin, during its debut on the stock market.

In its first day as a listed firm on Wednesday, American Bitcoin Corp. (NASDAQ:ABTC) fell by 12.8 percent toward the close after opening at $9.22 and jumping to a high of $14.52. The drop continued over to Thursday, shedding another 20.27 percent to end at $6.41 apiece, suggesting that investors may have already priced in the news.

Hut 8 Corp. (NASDAQ:HUT) majority owns American Bitcoin Corp. (NASDAQ:ABTC), while the remaining stake is owned by Eric and Donald Trump Jr., sons of the US president.

Hut 8 Corp. (NASDAQ:HUT) and the Trump brothers established American Bitcoin Corp. (NASDAQ:ABTC) to serve as a Bitcoin treasury company. On the other hand, the former is a Bitcoin miner providing mining backbone while also being an equity provider to the newly listed firm.

Further dragging investor sentiment during the day was the drop in Bitcoin prices. As of writing, the price of the cryptocurrency was down by 1.23 percent at $110,339 apiece.