Stocks to consider buying in July are Palantir Technologies and Snowflake as the AI race intensifies.

From Nasdaq: 2024-06-26 09:47:50

The AI race is intensifying across industries, with major companies like Nvidia and Amazon leading the charge. Palantir Technologies, valued at $53.8 billion, is a key player providing AI software platforms for government and commercial clients. Palantir’s revenue streams are diverse, with government contracts driving steady income.

Snowflake, valued at $41.7 billion, offers a cloud-based data management platform with a consumption-based pricing model. The company reported 32.9% growth in total revenue in Q1 of fiscal 2025, showcasing its appeal to businesses of all sizes. Snowflake’s profitability remains a challenge, but strong FCF and revenue growth projections make it a compelling investment.



Read more at Nasdaq: The AI Race Heats Up: 2 Extraordinary Stocks to Buy for July