BigBear.ai Stock Dips Amid Broad Market Decline
BigBear.ai (BBAI) shares fell 6% Thursday, underperforming the S&P 500 and Nasdaq's 0.5% declines. The drop occurred without company-specific news, continuing a volatile pattern for the AI-defense play that's still up 60% year-to-date.
Federal Reserve Chair Jerome Powell's valuation warnings weighed on risk assets broadly. While AI-related stocks have rallied on sector momentum, BigBear.ai recently downgraded its sales outlook—creating divergence between its market performance and fundamentals.