Here's a look at the top 5 best-performing AI stocks for the month of February. This month's companies include biotech, bitcoin, and not surprisingly, semiconductors.
Best AI Stocks
5. ACM Research, Inc. (ACMR) - Securing a 79.5% Increase
ACM Research experienced a notable 79.5% gain, with its stock price moving from $17.48 to $30.92. ACMR's surge was triggered by their fourth-quarter fiscal 2023 revenue report, which indicated a substantial 56.9% year-over-year increase to $170.3 million, significantly outperforming analyst expectations. This growth was attributed to higher sales in its single wafer cleaning, Tahoe, and semi-critical cleaning equipment, along with a positive outlook for 2024 driven by global expansion and new technology introductions.