BigBear.ai Holdings (NYSE: BBAI) saw a share price rise of nearly 9% over the week, according to S&P Global Market Intelligence data. The company also announced an acquisition of peer Ask Sage for $250 million and reported a third-quarter revenue decline of 20% year over year, with a narrowed net loss per share. Despite beating analyst estimates, concerns over expensive valuations led to a significant pullback in the stock towards the weekend. Investors remain bullish on the potential of Ask Sage’s acquisition but caution is advised due to revenue declines and crowded AI market.

Read more at Yahoo Finance: Why BigBear.ai Holdings Stock Was Racing Higher This Week