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Is SoFi Stock a Buy at New All-Time Highs?

Company Overview - SoFi Technologies is a leading U.S. financial technology company that provides a wide range of digital financial services, primarily operating as an online bank [1][2] - The company integrates technology-driven solutions for personal loans, mortgages, credit cards, investment accounts, and financial planning [2] Stock Performance - Over the past 52 weeks, SOFI stock has gained 247%, with an 83% increase year-to-date (YTD) [3] - The stock reached an all-time high of $28.58 on September 18, 2023, and is currently down only 1.6% from this recent high [3] Market Conditions and Future Outlook - The surge in SoFi's shares is attributed to optimism regarding potential interest rate cuts by the Federal Reserve [4] - The company recently launched the SoFi Agentic AI ETF (AGIQ), which tracks companies generating at least 30% of their revenue from agentic AI and autonomous decision-making technologies [4] Valuation - SoFi currently trades at a high valuation of 86 times forward earnings, which is significantly above the industry average [5]