Since the launch of OpenAI's ChatGPT in late 2022, the AI industry has seen significant growth, particularly reflected in Nvidia's market achievements as it became a leader in AI GPUs. The market is projected to grow dramatically from $184 billion in 2024 to $826 billion by 2030. However, not all companies are benefiting equally; BigBear.ai, for instance, has faced substantial declines, dropping over 70% from its peak, raising concerns about its financial performance and operational challenges, marking it as a stock to avoid for cautious investors.
BBAI has plummeted 63% from its February high and is down over 70% from the all-time high of $14.50 hit in 2022.
While some AI stocks have made millionaires of investors, others hold the potential to ruin them.
The AI market is projected to grow from $184 billion in 2024 to $826 billion by 2030, at a 28.5% CAGR, fueled by applications in healthcare, defense, and logistics.
Not all companies in the AI sector are poised to deliver; giants like Nvidia thrive, whereas others, like BigBear.ai, are deemed risky bets.
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