AI Stocks Jump: BigBear.ai Surges 13%, SoundHound AI Jumps 7%
AI stocks jumped in premarket trading. BigBear.ai rose 13%; SoundHound AI rose 7%; Rezolve AI, Palantir, and Nvidia rose 3%.
U.S. stocks fell on Wednesday following commentary from the Federal Reserve projecting fewer rate cuts and stickier inflation in 2025.
Nvidia shares reversed direction Wednesday afternoon, ending the day down roughly 1%.
SoundHound AI stock once soared 24% to a new high on Wednesday, and closed 7.5% at $20.85. The shares has soared 883.3% as of Wednesday.
BigBear.ai stock closed the day 8% lower after putting in an impressive 12% rally in the early trading session. Shares have grabbed the attention of speculative traders over the last month following a flurry of headlines, including a headline from short selling research outfit “Iceberg Research”.
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