2024-04-01 14:13:00 ET
Artificial intelligence (AI) and data company BigBear.ai (NYSE: BBAI) was on a roller-coaster ride over the past month. Shares surged on AI hype and news that AI chip leader Nvidia was buying stakes in emerging AI companies (it didn't buy a stake in BigBear.ai).
Unfortunately, those gains evaporated after an earnings report that fell short of Wall Street's expectations. That leaves investors at a crossroads, trying to decide whether BigBear.ai's rise was just a fluke or if the stock is due for a rebound.
While nobody can know for sure, there is evidence that investors should remain cautious. Here is why BigBear.ai could struggle to get back off the ground.
For further details see:
BigBear.ai: Is This AI Stock Set to Skyrocket Once Again?