Best AI Stock to Buy Now: Nvidia vs. Palantir Technologies
Shares of Nvidia (NASDAQ: NVDA) and Palantir Technologies (NASDAQ: PLTR) have fallen sharply during the recent market rout. Wall Street sees upside in both stocks, but analysts expect more substantial gains for Nvidia, as detailed by the 12-month target prices below:Investors shouldn't necessarily take Wall Street at its word. Here's a closer look at Nvidia and Palantir.The investment thesis for Nvidia is simple: Its dominance in accelerated computing, a discipline that brings together specialized hardware and software to speed up complex data center workloads, means Nvidia is ideally positioned to monetize artificial intelligence (AI). Its graphics processing units (GPUs), also called AI accelerators, are the most coveted chips on the market. And the company is a leader in AI networking gear.Continue reading
Shares of Nvidia (NASDAQ: NVDA) and Palantir Technologies (NASDAQ: PLTR) have fallen sharply during the recent market rout. Wall Street sees upside in both stocks, but analysts expect more substantial gains for Nvidia, as detailed by the 12-month target prices below:
Investors shouldn't necessarily take Wall Street at its word. Here's a closer look at Nvidia and Palantir.
The investment thesis for Nvidia is simple: Its dominance in accelerated computing, a discipline that brings together specialized hardware and software to speed up complex data center workloads, means Nvidia is ideally positioned to monetize artificial intelligence (AI). Its graphics processing units (GPUs), also called AI accelerators, are the most coveted chips on the market. And the company is a leader in AI networking gear.
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