From Nasdaq: 2024-11-11 09:35:00

Palantir’s (NYSE: PLTR) stock soared to a record high of $51.13 on Nov. 5, with a 223% YTD rally driven by revenue growth and S&P 500 inclusion. Nvidia and TSMC offer alternative AI plays at cheaper valuations. Nvidia dominates data center GPUs, but faces challenges. TSMC is a top contract chipmaker with strong growth potential.

Nvidia’s revenue and EPS are expected to grow at CAGRs of 51% and 56% from fiscal 2024 to 2027. The company faces competition and geopolitical issues but remains a key player in AI. TSMC, the world’s largest contract chipmaker, is poised for growth with lower valuations. Both could be solid alternatives to Palantir for AI investors.

A “Double Down” stock recommendation highlights potentially lucrative investment opportunities. Previous picks like Amazon, Apple, and Netflix have seen significant returns. The current alert covers three promising companies. The views expressed are solely those of the author and not necessarily of Nasdaq, Inc.



Read more at Nasdaq: Should You Forget Palantir and Buy These 2 AI Stocks Instead?