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The AI Stock That Dropped 45% This Past Week But May Be Worth A Close Look
Artifical Intelligence company BBAI had has a tough past few days, but is this current misfortune a big opportunity for investors?
When the price of a stock drops, it is often for good reason. However, it’s also possible that other factors are at play, including overreaction to bad news, shorting simply being oversold. Although there’s no guarantee that these companies will rebound in the near future or at all, here is one AI stock that has dramatically dipped in recent days that may be worth a look for investors.
BigBear.ai Holdings, Inc. (BBAI)- Current Price- $2.575, -45.3% In Past Five Trading Days:
The company provides “AI-powered, decision intelligence solutions are leveraged in three core markets: global supply chains & logistics, autonomous systems and cybersecurity.” In particular, their customers include The U.S. Army, Department of Defense and American intelligence community.
Despite being a player in artificial intelligence, the hottest sector at the moment, the stock took a huge nosedive from their recent high of $4.70 per share to their current price. The slide was due to larger losses being reported for Q4 of 2023. After receiving projections…
