Better Artificial Intelligence Stock: Palantir vs. Nvidia
Shares of both Palantir Technologies (NASDAQ: PLTR) and Nvidia (NASDAQ: NVDA) have delivered stunning gains this year thanks to the growing demand for both artificial intelligence (AI) hardware and software, though it is worth noting that one of these stocks has outperformed the other one by quite some distance.
Palantir stock's gains of 345% (as of this writing) are significantly higher than the 188% jump that Nvidia has recorded this year. However, does this make Palantir the better AI stock to buy of the two? Let's find out.
Nvidia may have made its name as the go-to provider of chips for companies looking to train AI models, but Palantir is the one that's helping enterprises and governments bring those models into production. More importantly, the rapidly growing adoption of Palantir's Artificial Intelligence Platform (AIP), which allows businesses to integrate large language models (LLMs) and generative AI into their operations, has led to a sharp acceleration in the company's business and revenue pipeline.
Source Fool.com
