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Barchart
Barchart
Edited by Elizabeth Volk

Why Did AI Stocks Soundhound AI, BigBear.ai, and C3.ai Break Out Today?

AI SOUN SoundHound AI BBAI BigBearai

SoundHound AI (SOUN) stock spiked 18% by the close today, pacing a strong start to the week for other artificial intelligence (AI) growth stocks like BigBear.ai (BBAI) and C3.ai (AI). Though SOUN notched the biggest gain on the day, traders largely seemed to be reacting to news that BigBear.ai rolled out its veriScan biometric verification platform at Denver International Airport. BBAI jumped 8.8% on the news, while AI stock added 4.2% today.

With a market capitalization of approximately $391 million, BBAI is not yet profitable, so the DIA news has sparked considerable excitement. The stock has only traded as high as $4.79 this year, and BBAI has underperformed with a loss of 19.2% for 2024. 

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