Investors are optimistic about NVDA, VRT, and PLTR in the growing artificial intelligence sector.

From Nasdaq: 2024-09-27 10:15:00

Investors are excited about the artificial intelligence (AI) theme, with Nvidia (NVDA) leading the way in hardware innovation, Vertiv (VRT) providing data center services, and Palantir (PLTR) focusing on software solutions. NVDA reported record quarterly sales of $30 billion, with Data Center results up 150% year-over-year.

Vertiv (VRT) remains strong with 57% year-over-year organic order growth, leading to an increased sales outlook. The company’s portfolio of power, cooling, and IT infrastructure solutions is in high demand, with its current fiscal year EPS estimate up 32% and suggesting 45% Y/Y growth.

Palantir (PLTR) continues to see customer momentum, with revenue soaring 27% year-over-year and adjusted EPS increasing by 200%. The company’s platform is highly attractive, with a 41% year-over-year customer growth and deals worth $10 million. PLTR’s top line remains strong.

The AI theme is driving investor interest, with NVDA, VRT, and PLTR offering different angles for exposure. Each company has shown growth and potential within the AI sector, making them attractive options for investors looking to capitalize on this trend.



Read more at Nasdaq: 3 Unique Investment Angles for Artificial Intelligence (AI): NVDA, VRT, PLTR