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

BigBear.ai (BBAI) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.

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,