Joe Weisenthal: Character AI shares experience sharp decline since earlier this summer

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Mykhailo Ihnatenko

27.10.2026

Joe Weisenthal: Character AI shares experience sharp decline since earlier this summer — Character AI stock sees sharp decline

Shares of Character AI, the company behind GLM 5.3, have experienced a steep decline since early summer.

Joe Weisenthal, executive editor of news for Bloomberg Digital, commented on the downturn, noting that enthusiasm from some users last summer was followed by a significant drop in the company's stock price.

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Earlier this year, Weisenthal reported persistent skepticism about the AI trade even as stocks reached record highs. He has also reconsidered his position on blockchain, noting in a separate piece that early advocates may have underestimated its underlying value (link). These perspectives add context to the recent selloff in Character AI shares.

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