Could BigBear.ai Stock Help You Retire A Millionaire?
The S&P 500 has continued to notch new record highs this year, thanks in large part to soaring interest in artificial intelligence (AI) technology, which is fueling massive spending on both hardware and software. But as impressive as the S&P 500's 17% gains over the past year have been, they pale in comparison to AI data analytics company BigBear.ai Holdings' (NYSE: BBAI) 273% climb over that period.
When a stock delivers returns like this in such a short amount of time, it's understandable that some investors might start to think that buying and holding it could help them retire as millionaires. We're in the early innings of AI, after all, so why can't brighter days still be ahead for this stock?
Unfortunately, I don't think that's the right way to think about BigBear.ai. In fact, it might be best not to own this stock right now at all.
Source Fool.com
