Shares of BigBear.ai ($BBAI) are experiencing significant volatility, with recent trading showing a collapse similar to patterns observed over the past two years. The stock has fluctuated between a low of $2.39 and a recent high of $2.9, as traders speculate on its future. The controlling shareholder appears to be relinquishing control to retail investors amid a decline in AI hype. Market analysts suggest that the AI hardware sector, represented by companies like NVIDIA ($NVDA), is also weakening, while AI software stocks are showing signs of instability. There is speculation about a potential rotation in market sectors, with some analysts predicting a shift back to battery and electric vehicle (EV) stocks, which have not yet participated in the recent rally. Additionally, there are indications of increased options trading activity, particularly in March calls for $BBAI, suggesting that some investors are betting on a rebound.