Why BigBear.ai Stock Roared Higher Tuesday Morning
Shares of server and storage solution specialist BigBear.ai (NYSE: BBAI) charged sharply higher on Tuesday, surging as much as 20.9%. As of 11:52 a.m. ET, the stock was still up 19.1%.
The catalyst that sent the artificial intelligence (AI) specialist higher was some bullish commentary in an international publication that compared it favorably to data mining and AI specialist Palantir Technologies (NASDAQ: PLTR).
BigBear.ai has the potential to become the next Palantir, according to The Economic Times. Since the company is much smaller and has a much lower market cap, it has the potential to be a big winner for investors, according to the report. Indeed, with a value of just $668 million, BigBear is much smaller than Palantir at $159 billion (as of this writing).
Source Fool.com
