BigBear.ai Stock Surges on Super Micro's S&P 500 Addition, But Valuation Gap Remains
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Shares of BigBear.ai (BBAI) surged up to 38.7% on Monday morning.
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The stock rise was likely due to news that Super Micro Computer will be added to the S&P 500 index on March 18.
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Supermicro is a server supplier focused on high-performance computing and AI.
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BigBear.ai operates in a similar space but does not meet the financial criteria for S&P 500 inclusion.
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At 4 times forward sales, BigBear.ai's valuation is twice that of Supermicro, making Supermicro the better buy between the two.