Palantir's AI platform boosts revenue; NVIDIA's market dominance and new chips attract buyers.

From Nasdaq: 2024-12-16 04:27:00

Zacks.com featured Stocks in their Analyst Blog, including Palantir Technologies Inc. (PLTR), NVIDIA Corp. (NVDA), Microsoft Corp. (MSFT), Alphabet Inc. (GOOGL), and Oracle Corp. (ORCL). Palantir has seen a 324.8% increase in shares compared to NVIDIA’s 177.2% rise. Palantir’s Artificial Intelligence Platform (AIP) has driven strong revenue growth and customer acquisition, with a 39% increase in new customers in Q3 2024.

NVIDIA’s dominance in the GPU market, especially with its Hopper architecture and upcoming Blackwell chips, has driven demand and stock price. Blackwell chips are expected to process data more efficiently, attracting buyers like Microsoft, Alphabet, and Oracle. NVIDIA’s earnings per share estimate for NVDA is up 47.2% from a year ago, showing consistent profitability.



Read more at Nasdaq: The Zacks Analyst Blog Highlights Palantir, NVIDIA, Microsoft, Alphabet and Oracle