The hot artificial intelligence (AI) market has birthed a number of high-flying AI stocks. One of these is BigBear.ai (NYSE: BBAI).
The company’s share price soared more than 200% over the past 12 months through June 18. The stock hit a 52-week high of $10.36 in February after President Donald Trump announced Project Stargate, which aims to invest billions of dollars into the AI sector.
Since then, BigBear.ai stock is down more than 50% from its peak. Does this present an opportunity to scoop up the company’s shares for cheap?