Is BigBear.ai Stock a Buy?
The AI software developer's stock could remain a divisive investment in this volatile market.
BigBear.ai's (NYSE: BBAI) stock has struggled since the company's public debut on Dec. 8, 2021. The artificial intelligence (AI) software company went public by merging with a special purpose acquisition company (SPAC), and its shares opened at $9.84. But today, it trades at about $3.50.
Like many other SPAC-backed start-ups, BigBear.ai overpromised and underdelivered. Rising interest rates also crushed its valuations and highlighted its steep losses. But should contrarian investors consider buying this unloved AI stock as a turnaround play?
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