Why BigBear.ai Stock Plummeted This Week
BigBear.ai (NYSE: BBAI) stock got hit hard with sell-offs over the last week of trading. The company's share price ended the stretch down 17.1%, according to data from S&P Global Market Intelligence.
BigBear.ai's valuation saw a big setback in conjunction with the market's renewed focus on macroeconomic risk factors. Nvidia's fourth-quarter report also prompted a wave of sell-offs that drove BigBear.ai and other artificial intelligence (AI) stocks lower.
Following a series of hotter-concerning macroeconomic indicators last week, macroeconomic risks continued to shape this week's trading. In particular, trade war dynamics added to existing concerns about inflationary pressures. The Trump administration confirmed it was planning on moving forward with new tariffs on Canada and Mexico. Trump's team is also reportedly looking into new restrictions to prevent semiconductors for AI and chip manufacturing equipment from being exported to China.
Source Fool.com
