Palantir Technologies stock (NYSE: PLTR) has had a solid run, rising more than 2x since the beginning of the year from levels of about $16 per share in January to about $34 presently, led by surging demand for big data and analytics services on the back of the generative artificial intelligence wave. While the stock witnessed a single-day surge of 14% after S&P Global announced its inclusion in...
Wall Street analysts forecast significant upside for Nvidia shareholders and substantial downside for Palantir shareholders. Nvidia is the market leader in artificial intelligence chips and networking gear, and the stock trades at a surprisingly reasonable valuation.
Although the stock market's attention has been on giant artificial intelligence (AI) equities such as Nvidia (NASDAQ: NVDA), there exist other smaller players with potential for growth in the coming year.
Palantir co-founder and Chairman Peter Thiel has been selling shares of the stock this year and plans to continue to reduce his stake. The stock has been on an incredible run since the start of 2023.
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