Nvidia's (NVDA) recent multi-billion dollar investment into OpenAI has pushed AI-based companies further into the spotlight, giving peers BigBear.ai Holdings (NYSE:BBAI) and SoundHound AI Inc (NASDAQ:SOUN) a boost. Though Serve Robotics (NASDAQ:SERV) isn't faring as well today, it's worth noting that all three have short squeeze potential.
BBAI is capitalizing on the momentum, up 11.7% to trade at $7.90 at last glance. The stock earlier touched a three-month high of $8.48 and has surged 55.8% so far in September, after breaking above its 60-day moving average last week. Longer term, shares have skyrocketed 407.4% over the past year.
SOUN is also seeing massive returns, nearing its highest levels since January. The stock was up 3.2% to trade at $17.87 at last check and heading for its seventh-straight daily win. Over the past 12 months, the equity boasts an impressive 265% gain.
SERV is putting a damper on positive movement seen in the AI sector. The stock was last seen down 4.4% to trade at $13.14 and slipping into negative territory for 2025, though gains from the past 12 months and potential halo lifts from rivals have kept it from a steeper drop.
Short interest has also increased -- up 6.9% for BBAI and 9.2% for SERV over the past month, and 2.5% for SOUN in the past two weeks. Currently, short interest represents 19.9% of BBAI's float, 24.1% of SERV's, and 32.5% of SOUN's.
