These 10 Firms Were Heavily Hit on Friday

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

BigBear.ai snapped a two-day winning streak on Friday, losing 7.77 percent to close at $9.02 apiece as investors resorted to profit-taking following a surge earlier in the week.

Earlier last week, the company, along with its counterparts, earned a boost from US Vice President JD Vance’s speech at an AI summit in Paris, saying that the government “will…work with our allies and partners to strengthen and extend these protections and close pathways to adversaries attaining AI capabilities that threaten all of our people.”

“This administration will ensure that American AI technology continues to be the gold standard worldwide…The United States of America is the leader in AI, and our administration plans to keep it that way,” he said.

Meanwhile, BBAI also bagged a deal with the Department of Defense to support the agency’s initiative to enhance news media assessment and analysis of countries that are deemed as US potential enemies through the use of BBAI’s Virtual Anticipation Network prototype.