The Federal Reserve cut rates by a quarter-point, sparking a surge in stocks. S&P 500 up 13%, NASDAQ up 17% this year. Rate cuts favor growth sectors, with tech benefiting the most. BlackRock sticks with AI theme, investing in BigBear.ai and Serve Robotics, driving U.S. equity performance.

BigBear.ai offers AI solutions to defense, intelligence, and commercial sectors. Recent contract wins include US Army’s Project Linchpin and biometric software at US Ports of Entry. BlackRock buys 12,107,360 shares in Q2, showing confidence in future growth potential.

Serve Robotics develops autonomous delivery robots for urban areas. Partnerships with Uber Eats and 7-Eleven. 99.8% accuracy rate on 100,000+ deliveries in LA. BlackRock invests in Serve, acquiring 1.83 million shares in Q2. Acquisition of Vayu Robotics enhances navigational autonomy and expands partnerships.

Analyst Scott Buck sees potential in BigBear.ai, predicts long-term growth. H.C. Wainwright gives Buy rating, $8 price target. Serve Robotics expanding rapidly with partnerships and technology. Analyst Michael Latimore views Vayu acquisition as a game-changer, predicts 64.5% upside potential. Moderate Buy consensus rating with 2 Buys, 1 Hold.

Read more at Yahoo Finance: Fund Giant BlackRock Loads Up on These 2 AI Stocks