
BigBear.ai Stock Plummets Amidst Defense Cuts and Economic Gloom
BigBear.ai’s stock plummeted by 24.7% due to potential cuts in the Department of Defense’s budget. The proposed $50 billion defense budget reduction poses a significant threat to BigBear.ai’s growth, reliant on military contracts. Market-wide economic anxieties, including Walmart’s slow sales growth, exacerbate