Better Artificial Intelligence Stock: Palantir vs. Nvidia
The artificial intelligence (AI) industry is enjoying explosive growth, making it a great area to invest in. Forecasts estimate the AI market will expand from $244 billion in 2025 to $1 trillion by 2031. Two standout stocks in the sector are Palantir Technologies (NASDAQ: PLTR) and Nvidia (NASDAQ: NVDA).
Palantir shares have rocketed more than 400% over the past 12 months through the week ending June 20. Nvidia is seeing its stock surging back from a 52-week low of $86.62 in April to near its January peak of $153.13.
Both companies offer reasons to invest in their stocks, but if you had to choose one, which would be the better AI investment for the long run? Here's a look at Palantir and Nvidia to arrive at an answer.
Source Fool.com
