Shares of BigBear.ai Holdings (NYSE: BBAI) closed 38.15% higher Feb. 27. The penny stock has gained nearly 119% in the last month, reflecting investors’ optimism over artificial intelligence (AI) computing ahead of BigBear’s Q4 earnings report due out March 7.
BigBear.ai offers AI-led decision-intelligence solutions. Its offerings find applications in cybersecurity, supply chains & logistics, and autonomous systems. Among its customers, the company counts on the U.S. Intelligence Community and the Federal Government.
Investors’ appetite for AI got a boost from chip giant Nvidia’s (NASDAQ: NVDA) stellar Q4 earnings. Notably, BBAI stock has gained over 78% since NVDA released its financials Feb. 21. NVDA’s earnings per share came in at $5.16, easily beating analysts’ consensus estimate of $4.59 per share. Read more.
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