BigBear.ai(BBAI) Zacks Investment Research·2024-03-01 19:36Group 1: BigBear.ai and Palantir Partnership - BigBear.ai (BBAI) and Palantir (PLTR) announced a strategic partnership on February 28, combining AI-powered products with a next-generation operating platform, which is significant for BBAI due to its smaller market cap of 54 billion [1][2] - The partnership with PLTR, a leader in the AI niche, could validate BBAI's product quality and potentially lead to an acquisition by PLTR in the future [2] Group 2: Financial Performance and Market Sentiment - BBAI reported its first profitable quarter as a public company, indicating strong demand in the AI industry, with Zacks Consensus Estimates projecting an EPS growth of 64.21% in 2023 [3][4] - BBAI's stock experienced a significant price increase of 38% on February 27, with trading volume 10 times the norm, suggesting strong accumulation and bullish momentum [5] Group 3: SoundHound AI and Nvidia Investment - SoundHound AI (SOUN) specializes in audio and voice recognition technology, with applications extending to voice-controlled virtual assistants and smart devices [6] - Nvidia (NVDA) made a notable investment in SOUN, purchasing nearly $4 million worth of shares, indicating NVDA's interest in AI pure plays and its financial capability to support SOUN's growth [7][8] - SOUN has demonstrated a strong track record of beating Wall Street analysts' EPS expectations, achieving this in six of its first eight quarters since going public [9]