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Barchart
Barchart
Aditya Raghunath

Up 30% in October, Is This AI Penny Stock a Buy?

BigBear BBAI BigBearai

Since the start of 2023, several high-profile artificial intelligence (AI) stocks have delivered staggering returns to shareholders. However, the rally has been primarily driven by mega-cap giants such as Nvidia (NVDA), Meta Platforms (META), and Broadcom (AVGO). At the same time, several other companies continue to trade at lower valuations. 

One such beaten-down AI penny stock is BigBear.ai Holdings (BBAI), which trades 88% below all-time highs. Generally, stocks priced below $5 per share are considered penny stocks. While investing in penny stocks is a high-risk proposition, big tech behemoths - including Apple (AAPL) and Amazon (AMZN) - were once companies with a share price of less than $5. 

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