$BBAI AI Stocks Are On The Rise Again
Smashing its EPS and revenue estimates by $0.17 and $670 million respectively, NVIDIA Corporation (NASDAQ: NVDA) jumped more than 25% in after-hours trading. Almost 60% of the $7.19 billion NVDA recorded in revenue was from AI-related activity and NVDA expects that the vast majority of its sequential increase in revenue in Q2 will come from data centers. After such big news the AI sector could run rampant and BigBear.AI Holdings, Inc (NYSE: BBAI) is an AI stock that could be setting up for major runs this week.
BBAI Fundamentals
BigBear.ai Holdings, Inc. (NASDAQ: BBAI) has diverse AI applications, serving different sectors in different ways. That was made more apparent after BBAI secured an exclusive deal with both Children’s Hospital Colorado and Thomas Jefferson University Hospitals. That is a huge deal for BBAI as it was mainly operating in the defense sector, which it has been seeing a lot of success in lately. Earlier in April BBAI signed a contract with L3Harris Technologies, Inc. (NYSE: LHX) a key leader in unmanned and autonomous systems to be its exclusive partner to deliver AI/ML-based forecasting. These contracts are proof that BBAI is seen as a long-term player in the AI sector that is diversifying its portfolio of customers.
Furthermore, BBAI also beat its revenue estimates earlier this month by $4.82 million recording $42.2 million and it is looking to achieve positive cash flow in the second half of the year. Meanwhile, it is worth noting that BBAI stock usually runs on industry-wide catalysts like its recent 27% run in April on news of Elon Musk starting an AI company – X.AI. Considering NVDA’s earnings being driven by AI, BBAI stock could see a similar run as the AI sector is set to witness high momentum this week.
Technical Analysis
BBAI stock’s trend is neutral with the stock trading in a sideways channel between $2.36 and $2.51. Looking at the indicators, the stock is trading below the 200 MA which is a bearish indication, and is currently testing the 21 and 50 MAs. Meanwhile, the RSI is neutral at 51 and the MACD is approaching a bullish crossover.
As for the fundamentals, BBAI stock and other AI stocks are expected to run in sympathy with NVDA thanks to its AI-driven revenue growth. With AI showing its capability to drive more revenues in the future, BBAI stock could be a profitable buy at the current PPS especially since it is trading near support.
BBAI Forecast
AI and AI stocks are hot topics right now. After NVDA announced its extremely positive Q1 and its extremely positive guidance for Q2, it is expected that the AI sector will gain a lot of interest. As BBAI is a relatively cheap AI stock that has a history of running on sector-wide catalysts, it makes the perfect candidate for investors wanting to ride on the AI wave at the moment.
BBAI Fundamentals
BigBear.ai Holdings, Inc. (NASDAQ: BBAI) has diverse AI applications, serving different sectors in different ways. That was made more apparent after BBAI secured an exclusive deal with both Children’s Hospital Colorado and Thomas Jefferson University Hospitals. That is a huge deal for BBAI as it was mainly operating in the defense sector, which it has been seeing a lot of success in lately. Earlier in April BBAI signed a contract with L3Harris Technologies, Inc. (NYSE: LHX) a key leader in unmanned and autonomous systems to be its exclusive partner to deliver AI/ML-based forecasting. These contracts are proof that BBAI is seen as a long-term player in the AI sector that is diversifying its portfolio of customers.
Furthermore, BBAI also beat its revenue estimates earlier this month by $4.82 million recording $42.2 million and it is looking to achieve positive cash flow in the second half of the year. Meanwhile, it is worth noting that BBAI stock usually runs on industry-wide catalysts like its recent 27% run in April on news of Elon Musk starting an AI company – X.AI. Considering NVDA’s earnings being driven by AI, BBAI stock could see a similar run as the AI sector is set to witness high momentum this week.
Technical Analysis
BBAI stock’s trend is neutral with the stock trading in a sideways channel between $2.36 and $2.51. Looking at the indicators, the stock is trading below the 200 MA which is a bearish indication, and is currently testing the 21 and 50 MAs. Meanwhile, the RSI is neutral at 51 and the MACD is approaching a bullish crossover.
As for the fundamentals, BBAI stock and other AI stocks are expected to run in sympathy with NVDA thanks to its AI-driven revenue growth. With AI showing its capability to drive more revenues in the future, BBAI stock could be a profitable buy at the current PPS especially since it is trading near support.
BBAI Forecast
AI and AI stocks are hot topics right now. After NVDA announced its extremely positive Q1 and its extremely positive guidance for Q2, it is expected that the AI sector will gain a lot of interest. As BBAI is a relatively cheap AI stock that has a history of running on sector-wide catalysts, it makes the perfect candidate for investors wanting to ride on the AI wave at the moment.
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