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Why Palantir Technologies, Arm Holdings, and Other Artificial Intelligence (AI) Stocks Have Skyrocketed 50% or More in February
ARMArm plc(ARM) The Motley Fool·2024-02-19 17:15

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 (PLTR -3.82%) have jumped 55%, Super Micro Computer (SMCI -19.99%) surged 72%, Arm Holdings (ARM -4.00%) soared 90%, and SoundHound AI (SOUN 1.60%) skyrocketed 121% as of the market close on Thursday.The common thread that runs through these companies is the ...