From Nasdaq: 2024-06-23 05:13:00

Investors aren’t likely to forget Nvidia, a leader in GPUs for AI. However, due to its success in the portfolio, some are diversifying. Palantir Technologies, with a history in AI, serves government agencies and now businesses with AI solutions. The company’s AI Bootcamp has seen great success, leading to robust business results.

As the AI market grows exponentially, Palantir is well-positioned with its experience and resources. The company recently saw its sixth consecutive profitable quarter and has a low PEG ratio, signaling potential undervaluation. This has led some investors to double down on their position in Palantir, seeing it as a compelling opportunity.

The Motley Fool Stock Advisor team sees potential in Palantir Technologies, among other stocks. With a track record of identifying high-performing stocks, Stock Advisor has significantly outperformed the S&P 500 since 2002. Consider the recommendations for potential growth opportunities in the market.



Read more at Nasdaq: Forget Nvidia: I Just Doubled Down on Another Unstoppable Artificial Intelligence (AI) Stock. Here’s Why