10 Firms That Soared Last Week

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1. BigBear.ai Holdings Inc. (NYSE:BBAI)

Investors would have raked in a 102.6-percent increase in their investment had they invested in BigBear.ai’s stock last week, as the company ended Friday’s trading at $8.59 apiece, doubling its $4.24 price on January 31.

The jump followed announcements from BBAI that it bagged a contract to advance its Virtual Anticipation Network (VANE) prototype for the Department of Defense.

The VANE prototype, which would use AI and machine learning, would compile vast amounts of data to forecast adversary actions in multi-domain environments and support US military and intelligence operations.

In particular, it would allow BBAI to support the Office of the Secretary of Defense in utilizing custom AI models to enhance its foreign news media assessment and analysis of countries that are deemed as US potential enemies.

Originally developed in collaboration with the Irregular Welfare Technical Support Directorate, VANE achieved “awardable” status on the CDAO Tradewinds Solutions Marketplace in April 2024.

While we acknowledge the potential of BBAI as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as BBAI but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and Complete List of 59 AI Companies Under $2 Billion in Market Cap.

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