BigBear.ai Holdings (BBAI) saw its stock surge 8.28% in the pre-market trading session on Monday, riding the wave of an AI stocks rally and fueled by continued speculation around its partnership with Palantir.
The company's shares were propelled higher by a combination of factors, including the hype surrounding its collaboration with Palantir, a leading AI and data analytics firm. The two companies had previously announced plans to integrate their respective capabilities and advance machine learning technologies, sparking speculation among investors that BigBear.ai could potentially become "the next Palantir."
Additionally, BigBear.ai's stock appeared to be benefiting from meme stock momentum, where retail investors collectively push share prices higher through coordinated buying efforts. The overall bullish sentiment in the AI sector, driven by developments such as OpenAI's launch of new AI models and monetization plans, as well as the incoming Trump administration's plan to prioritize AI through the appointment of an AI and crypto czar, further fueled the stock's upward trajectory.
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