AI Stocks Soar in February on Strong Earnings and Accelerating Industry Growth
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Several AI stocks like Palantir, Arm Holdings, Super Micro Computer, and SoundHound AI have seen 50-100% stock growth in February.
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Strong quarterly financials fueled growth for Palantir, Arm, and Super Micro, with revenue beats and bullish guidance.
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Nvidia revealed multi-million dollar stakes in AI companies SoundHound and Arm, boosting their stocks.
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These companies are benefiting from the rapid acceleration of AI adoption across industries.
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Despite high growth, stocks like Palantir, Arm, and Super Micro have reasonable valuations based on forward P/E-to-growth ratios.