Artificial intelligence (AI) has been a hot place to invest, and with a market cap of just over $2 billion, BigBear.ai Holdings (NYSE: BBAI) is a stock for which many investors see significant potential. The tech company provides businesses with AI-powered insights and assistance in making complex decisions.
Entering trading this week, the stock had risen by more than 65% year to date. Its relatively modest valuation, however, makes many investors excited about how much higher it may go, and believing this may still be the very early innings of its growth. And there’s nothing quite like a strong earnings report that can show investors that the business is indeed on the right track.
With BigBear.ai’s latest earnings numbers due to come out on Aug. 11, is it a good move to invest in the tech stock before then?