BigBear.ai Holdings Inc (NYSE:BBAI) saw its stock surge 6.15% in the after-hours trading session on Monday, riding the wave of enthusiasm for AI stocks following a strong earnings report from Palantir Technologies Inc (NASDAQ:PLTR).
Palantir, a leading AI software company, 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 BigBear.ai Holdings, C3.ai Inc (NYSE:AI), SoundHound AI Inc (NASDAQ:SOUN), and NVIDIA Corp (NASDAQ:NVDA), 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.