Those waiting for the artificial intelligence bubble to pop have been let down this earnings season.

In the latest sign that AI exuberance is alive and well in markets, Arm Holdings (ARM) stock has surged more than 70% in the last five days of trading after topping Wall Street's earnings estimates on Feb. 7.

And, perhaps most importantly, the chipmaker attributed its better-than-expected revenue forecast to artificial intelligence.

"When you think about artificial general intelligence, that's going to drive the need for more compute in a way that we've never seen before," Arm CEO Rene Haas told investors on the company's earnings call. "So as good as the last couple of quarters were, we're just at the beginning."

Arm soared nearly 50% in the next day of trading.

Shares at one point doubled from their pre-earnings price before a hotter-than-expected inflation report tempered the recent risk-on narrative in markets. Amid a broader market sell-off, Arm shares tumbled nearly 20% on Tuesday.

ARM

https://finance.yahoo.com/news/arms-stock-rally-shows-investor-hype-extends-to-theoretical-ai-plays-morning-brief-110250469.html

NVDA

https://www.investors.com/news/technology/nvidia-discloses-stakes-in-arm-soundhound-ai-nano-x-and-more/?src=A00220

BRK

https://www.barrons.com/articles/berkshire-hathaway-apple-chevron-paramount-hp-stock-price-25282002?siteid=yhoof2

Super Micro Computer

https://finance.yahoo.com/news/super-micro-computer-surged-today-225930713.html

ChargePoint

https://finance.yahoo.com/news/chargepoint-jumping-today-still-down-204320372.html