| Ticker | Status | Jurisdiction | Filing Date | CP Start | CP End | CP Loss | Deadline |
|---|
| Ticker | Case Name | Status | CP Start | CP End | Deadline | Settlement Amt |
|---|
| Ticker | Name | Date | Analyst Firm | Up/Down | Target ($) | Rating Change | Rating Current |
|---|
BigBear.ai, Inc. (NYSE:BBAI) traded higher Thursday as the artificial intelligence company announced a new international collaboration aimed at accelerating advanced aerospace and security technologies.
The update arrived as enthusiasm surged across the tech sector following Nvidia Corporation’s (NASDAQ:NVDA) strong quarterly results.
Broader AI and semiconductor stocks gained traction after Nvidia delivered upbeat earnings and guidance, lifting sentiment across the industry.
Also Read: Nvidia’s $57 Billion Quarter Sends A Message: The AI Race Is Now A One-Horse Race
BigBear.ai stated that it signed a Memorandum of Understanding with Pahang Aerospace City Development Berhad at the Dubai Air Show. The agreement includes collaboration with partners Easy Lease and Vigilix Technology Investment LLC.
The parties plan to integrate advanced AI and security capabilities into Pahang Aerospace City, a regional hub designed to support air, land and maritime travel.
Malaysia's Pahang Aerospace City aims to attract significant domestic and global investment through the development of its aviation, logistics and space initiatives.
The project is expected to support the region's first international spaceport and establish new digital and transportation capabilities.
BigBear.ai said it will focus on predictive analytics, mission-ready AI and secure orchestration technologies. The partnership aims to strengthen border operations, national security and real-time infrastructure management across the developing ecosystem.
“BigBear.ai is honored to partner with PAC and our established regional partners in Easy Lease and Vigilix in building an AI-powered aerospace and security ecosystem that sets the benchmark for the region," said Kevin McAleenan, CEO of BigBear.ai.
"By integrating mission-ready AI, predictive analytics, and secure orchestration technologies, together we can help Malaysia build a first of its kind aviation, transit, and space ecosystem that strengthens both national economic growth and regional security."
According to Benzinga Pro, BBAI stock has gained over 203% in the past year. Investors can gain exposure to the stock via Roundhill Meme Stock ETF (NYSE:MEME).
Read Next:
Photo: Shutterstock
