BigBear.ai crashed 31% today, and the earnings report immediately exposed its true form😭
This is the dilemma of AI application companies—easy to spin a narrative, hard to monetize. The valuation that was propped up by concepts in previous quarters was laid bare the moment it met the real quarterly numbers. Losses were deeper than expected, and revenue growth was disappointing. We were still discussing the support level yesterday, but there's no need to look for it today😰
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