From Nasdaq: 2024-09-15 04:05:00

Consultancy PwC projects AI will boost global economy by $15 trillion by 2030. Investors are eyeing AI stocks like Nvidia and Palantir, with Nvidia shares up 728% in 2 years and Palantir up 348%. Analysts forecast Nvidia to rise 26% to $150 and Palantir to fall 20% to $28.

Nvidia leads AI infrastructure with GPUs for machine learning. Revenue surged 122% to $30 billion in Q2 2024. Next-gen data center GPUs Blackwell set to launch soon. Wall Street expects 49% annual earnings growth through 2026. Consider buying Nvidia stock.

Palantir offers data analytics software for enterprises, adding AIP for AI models. Revenue up 27% to $678 million in Q2 with strong customer growth. CEO Karp sees continued demand. However, Wall Street predicts 22% earnings growth through 2025. Valuation at 109 times earnings looks pricey, consider trimming positions.

Consider investment in Nvidia. Motley Fool’s Stock Advisor recommends 10 other stocks for big returns. Suzanne Frey from Alphabet is on Motley Fool’s board. Jennewine has invested in Nvidia and Palantir. Motley Fool has positions in Nvidia, Palantir, and Alphabet. Check out the 10 recommended stocks for potential gains.



Read more at Nasdaq: Nvidia Stock vs. Palantir Stock: Wall Street Says Buy One and Sell the Other