Why BigBear.ai Stock Plummeted Last Week
BigBear.ai (NYSE: BBAI) stock saw substantial sell-offs last week. The company's share price fell 13.4% in a stretch that saw the the S 500 decline 2.4% and the Nasdaq Composite decline 2.2%.
While there wasn't any major business-specific news that pushed the stock lower, the company's valuation retreated in response to the U.S. lifting restrictions on technology exports to China. Despite its recent pullback, BigBear.ai has seen strong valuation gains as investors have sought artificial intelligence (AI) companies with exposure to the defense industry as potentially explosive growth plays. The stock is still up 90.5% over the last three months of trading.
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Source Fool.com
