Why Palantir Technologies, Arm Holdings, and Other Artificial Intelligence (AI) Stocks Have Skyrocketed 50% or More in February
The rapid adoption of artificial intelligence (AI) has been gathering steam over the past year, but there's been a notable uptick in AI-related developments over the past several weeks. Since the start of February alone, shares of Palantir Technologies (NYSE: PLTR) have jumped 55%, Super Micro Computer (NASDAQ: SMCI) surged 72%, Arm Holdings (NASDAQ: ARM) soared 90%, and SoundHound AI (NASDAQ: SOUN) skyrocketed 121% as of the market close on Thursday.
The common thread that runs through these companies is the accelerating adoption of AI. There wasn't a single development that drove these stocks higher, but rather the growing tidal wave of AI that's beginning to overtake the tech industry.
Let's look at what drove each of these stocks higher and what it all means for the future.
Source Fool.com
