We recently published a list of 10 Firms That Soared Last Week. In this article, we are going to take a look at where BigBear.ai Holdings, Inc. (NYSE:BBAI) stands against other firms that soared last week.

Friday is looking like another good day for holders of BigBear.ai ( BBAI 26.88%) stock. The fast-growing technology company offers artificial intelligence (AI) decision-making solutions using advanced analytics, predictive models, and other tools for organizations in various industries.

The AI decision intelligence company’s new DoD contract resulted in the stock surging nearing 35% in the past week.

Shares of BigBear.AI (NYSE:BBAI) are up more than 50% on the day, with volume spiking to 212.44 million, as compared to its daily average volume. All thanks to a new contract with the U.S. Department of Defense’s Chief Digital and Artificial Intelligence Office (CDAO).

Spending on artificial intelligence (AI) has been heating up recently, and it may not necessarily be slowing down. The Stargate project, a new joint venture announced in January, will involve multiple companies -- OpenAI,