BigBear.ai Holdings (BBAI) saw its stock price surge 10.31% in the pre-market trading session on Friday, fueled by the bullish sentiment surrounding artificial intelligence (AI) stocks and meme stock momentum.
The rally in BBAI shares was driven by the overall positive sentiment in the AI sector, with investors speculating that the company could be the "next Palantir" in delivering multi-bagger returns. A recent article compared BigBear.ai to Palantir, a leading AI company, fueling expectations that BigBear could follow a similar trajectory of outsized gains.
Additionally, the stock has recently gained favor among retail investors, leading to big price swings on little or no news, a phenomenon commonly associated with meme stocks. The meme stock momentum has further contributed to the stock's surge, as traders pile into the AI company's shares.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.