Better AI Stock: Nvidia or Palantir
Nvidia (NASDAQ: NVDA) and Palantir (NYSE: PLTR) operate in different sectors, but both tech companies are profiting from the secular expansion of the artificial intelligence (AI) market.
Nvidia's GPUs are often associated with video games, but a growing number of data centers are installing its high-end GPUs to process AI tasks. Palantir's data mining platforms accumulate and process data from disparate sources to help government agencies and big companies make AI-driven decisions.
Both companies have generated impressive gains over the past 12 months. Nvidia's stock more than doubled as it continued to sell more gaming and data center GPUs. Palantir's stock soared about 160% as it dazzled investors with its robust revenue growth rates and optimistic long-term targets. But should investors who missed those gains consider buying either stock right now?
Source Fool.com
