Why BigBear.ai Stock Slumped Last Month
Shares of BigBear.ai Holdings (NYSE: BBAI) slipped 14.8% in December, according to data from S&P Global Market Intelligence. An artificial intelligence (AI) player focused on the corporate and government markets, BigBear.ai is experiencing declining revenue and substantial losses, but has recently acquired a generative AI company and retired most of its outstanding debt.
Here's why BigBear.ai stock fell in December, and whether you should buy shares for your portfolio today.
BigBear.ai provides software solutions to government agencies and large industrial assets. These include analytics for defense, intelligence, shipyards, and manufacturing, enabling large organizations to organize data across the globe. Think of it as a competitor to Palantir Technologies, but on a much smaller scale.
Source Fool.com
