Why BigBear.ai Stock Is Plummeting Today

BigBear.ai (NYSE: BBAI) stock sold off sharply in Monday's trading. The company's share price was down 12.3% as of 3:25 p.m. ET. Meanwhile, the S&P 500 index was down 0.1%, and the Nasdaq Composite index was down 0.7%.BigBear.ai's slide comes as some investors reposition their portfolios ahead of Nvidia's fourth-quarter earnings report, which is scheduled for release on Wednesday. The company's share price is likely also being influenced by a big sell-off in Palantir stock.Some investors are reducing their tech sector holdings ahead of Nvidia's fourth-quarter earnings report, and artificial intelligence (AI) companies with growth-dependent valuations are experiencing particularly pronounced pullbacks. BigBear.ai falls into that category. Investors appear concerned about the potential for high market volatility if Nvidia's Q4 numbers and guidance come in weaker than anticipated.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool