Why BigBear.ai, SoundHound AI, and AST SpaceMobile Shares All Popped This Week
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Many small- and mid-cap artificial intelligence (AI) stocks have enjoyed strong weeks thanks to new economic data that led to falling Treasury yields. There were also company-specific events such as securing new business, analyst upgrades, and new product launches.Since last Friday's close, shares of BigBear.ai Holdings (NYSE: BBAI) had exploded nearly 72% higher as of 1:05 p.m. ET Thursday. Meanwhile, shares of AST SpaceMobile (NASDAQ: ASTS) soared by nearly 34%, while SoundHound AI (NASDAQ: SOUN) had jumped about 13%.The biggest news seemingly came from BigBear.ai, a decision-making AI company whose services can be used in a range of different industries. It announced Wednesday that the Department of Defense Chief Digital and Artificial Intelligence Office (CDAO) had awarded the company a contract to further develop its Virtual Anticipation Network (VANE) prototype.Continue readingWeiter zum vollständigen Artikel bei MotleyFool
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