Better AI Stock: Palantir vs. Snowflake
Palantir Technologies (NYSE: PLTR) and Snowflake (NYSE: SNOW) are both secular growth plays on the cloud and AI markets. Palantir's cloud-based platform enables government agencies and large companies to gather data from disparate sources, and then analyze all of that data with its AI algorithms to make smarter decisions. Snowflake helps large organizations aggregate their data from a wide range of computing platforms. It then cleans up and stores all of that information in a centralized cloud-based data warehouse where it can be easily accessed by third-party data visualization and analytics apps.
Palantir and Snowflake both initially impressed a lot of investors, but they lost their luster over the past two years as their sales growth decelerated and rising rates compressed their valuations. As of this writing, Palantir and Snowflake trade 43% and 66%, respectively, below their all-time highs from 2021. Should you buy either of these out-of-favor stocks today?
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Source Fool.com
