Could BigBear.ai Stock Be the Next Palantir Technologies?
Palantir Technologies (NASDAQ: PLTR) is a data analytics company that experienced significant revenue growth due to artificial intelligence (AI). It has been on a tear over the past 12 months, soaring around 270% during that time. It has established itself as one of the top AI stocks to own.One much smaller stock that is also involved in data analytics and AI, which has also been hot of late, is BigBear.ai (NYSE: BBAI). Its gains of 60% over the past year trail Palantir -- particularly after a steep drop in February -- but it's followed a similar trajectory nonetheless. Could this stock continue to follow in Palantir's footsteps and generate massive gains for investors over the long term?Government agencies use Palantir's platform for data analysis purposes and counterterrorism efforts. BigBear.ai has been securing deals with the federal government, as that has the potential to be a big growth catalyst for its business as well. On Feb. 5, it announced that it won a contract with the Department of Defense, which will help with geopolitical risk analysis. Custom AI models will assess and analyze news media in countries that may be foreign adversaries to identify trends and topics of interest. Continue reading
Palantir Technologies (NASDAQ: PLTR) is a data analytics company that experienced significant revenue growth due to artificial intelligence (AI). It has been on a tear over the past 12 months, soaring around 270% during that time. It has established itself as one of the top AI stocks to own.
One much smaller stock that is also involved in data analytics and AI, which has also been hot of late, is BigBear.ai (NYSE: BBAI). Its gains of 60% over the past year trail Palantir -- particularly after a steep drop in February -- but it's followed a similar trajectory nonetheless. Could this stock continue to follow in Palantir's footsteps and generate massive gains for investors over the long term?
Government agencies use Palantir's platform for data analysis purposes and counterterrorism efforts. BigBear.ai has been securing deals with the federal government, as that has the potential to be a big growth catalyst for its business as well. On Feb. 5, it announced that it won a contract with the Department of Defense, which will help with geopolitical risk analysis. Custom AI models will assess and analyze news media in countries that may be foreign adversaries to identify trends and topics of interest.
