BigBear.ai Holdings (BBAI) stock soared 15% in Wednesday's intraday trading, outperforming the broader market as artificial intelligence (AI) stocks witnessed a rally.
The surge in BBAI shares was part of a broader upswing in AI-related stocks, with Confluent rising 20%, Tempus AI jumping 2.4%, Palantir climbing 2.3%, and C3.ai gaining 1%.
The AI sector has been in the spotlight recently, driven by the growing interest in generative AI technologies like ChatGPT. Investors are betting on companies developing AI solutions across various industries, fueling the rally in AI stocks.