Stock Track | BigBear.ai Holdings Soars 6.38% After-Hours as AI Stocks Rally on Palantir's Bullish Outlook

Stock Track

02-04

BigBear.ai Holdings Inc (NYSE:BBAI) saw its stock surge 6.38% in the after-hours trading session on Monday, riding the wave of enthusiasm for AI stocks.

The rally in BigBear.ai Holdings and other AI-related stocks was driven by a strong earnings report from Palantir Technologies Inc (NASDAQ:PLTR), a leading AI software company. Palantir reported better-than-expected fourth-quarter results, with revenue growing 36% year-over-year and a significant increase in its customer base. The company's CEO, Alex Karp, expressed optimism about the "revolution" happening in the AI industry, fueling investor confidence in the sector's prospects.

Following Palantir's upbeat report and bullish commentary, several AI-related stocks, including C3.ai Inc (NYSE:AI), SoundHound AI Inc (NASDAQ:SOUN), and NVIDIA Corp (NASDAQ:NVDA), also rallied in the after-hours trading session. Investors appear to be betting on the potential of these companies to benefit from the growing adoption of AI technologies across various industries.

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