Support Vector Machines (SVMs) are a powerful supervised learning algorithm used for classification and regression tasks, focusing on finding the optimal hyperplane that maximizes the separation of different classes. Key features include the ability to handle nonlinear decision boundaries through kernel functions and the use of support vectors to define decision boundaries, ensuring high accuracy and robustness. Despite limitations such as hyperparameter tuning and computational complexity, SVMs are widely applied in fields like image recognition, text classification, bioinformatics, and financial forecasting.