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Why BigBear.ai Stock Jumped 94% in December

BigBear.ai, a company specializing in AI and machine learning for decision support, saw its stock price surge by 94% in December. This significant increase was largely driven by a $900 million contract awarded to a joint venture involving BigBear.ai for the U.S. Army's Global Force Information Management (GFIM) system. The contract, which spans over 10 years, aims to modernize the Army's force projection capabilities. Additionally, the stock experienced a short squeeze, where short sellers had to buy back shares to cover their positions, further pushing the stock price up. Despite this, BigBear.ai's stock remains highly volatile, with its market cap still below $500 million, reflecting the speculative nature of its recent gains.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/savingandinvesting/why-bigbear-ai-stock-jumped-94-in-december/ar-BB1r7pLt ]