Better AI Stock: C3.ai vs. Palantir
C3.ai (NYSE: AI) and Palantir (NASDAQ: PLTR) represent two different ways to invest in the booming artificial intelligence (AI) market. C3.ai develops data-ingesting AI modules that can be plugged into an organization's existing infrastructure or run as standalone services. Palantir operates two main platforms -- Gotham for its government clients and Foundry for its commercial clients -- that gather data from disparate sources to spot trends and predict future challenges.
C3.ai went public at $42 via a traditional initial public offering (IPO) in December 2020, but it now trades at about $25. It lost its luster as its growth slowed down, it racked up steep losses, and investors fretted over its customer concentration issues. Palantir went public through a direct listing in September 2020, and its stock started trading at $10. Today, it trades at more than $130. The bulls embraced Palantir as it grew rapidly, its profits soared, and it joined the S 500 and Nasdaq-100. So is Palantir still a better AI play than C3.ai right now?
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Source Fool.com
