Better AI Stock: Nvidia vs. Palantir
Artificial intelligence (AI) has become a massive market theme, and investors are looking at ways to cash in on this trend. There are multiple ways to invest in AI, including application, hardware, and data, making it difficult for investors to narrow down how they want to tackle this investment.
Two different ways to invest in AI are through Palantir Technologies (NYSE: PLTR), an application play, and Nvidia (NASDAQ: NVDA), a hardware company. Both are popular picks in this space, but if I had to choose one, which would it be? Let's find out.
As mentioned above, Palantir is focused on applying AI through its data analytics software. The platform takes in multiple data streams, runs them through its proprietary AI platform, and spits out actionable insights in an easy-to-read dashboard. This platform has applications in multiple fields, including energy efficiency, hospital operations, and stopping money laundering.
Source Fool.com
