Why BigBear.ai Stock Is Skyrocketing Today

Shares of BigBear.ai Holdings (NYSE: BBAI) are flying higher on Wednesday. The company's stock gained 11.6% as of 12:35 p.m. ET, but was up as much as 15.5% earlier in the day. The gain comes as the S 500 (SNPINDEX: ^GSPC) dropped 0.3% and the Nasdaq Composite (NASDAQINDEX: ^IXIC) was flat.

BigBear.ai is a technology company leveraging artificial intelligence (AI) to drive efficiency and improve decision-making for commercial and government clients. The company's stock saw a boost after Vice President JD Vance gave a keynote speech at the Paris AI Summit on its closing day.

Vice President Vance delivered a speech Tuesday to leaders from around the world and across Europe in which he promised that the U.S. would dominate AI, declaring, "The Trump administration will ensure that the most powerful AI systems are built in the U.S., with American design and manufactured chips."

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Source Fool.com