BigBear.ai’s annual boom-and-bust cycle has left investors both excited and cautious. Every year, its stock surges dramatically, driven by AI hype and major contract wins, only to crash soon after. Despite volatility, BigBear.ai secures key government contracts, showing financial resilience. Investors remain drawn to its potential in the AI sector but must navigate its unpredictable swings. Why does this cycle keep repeating, and what makes investors return?