Reported 6 days ago
Nvidia and Palantir have emerged as top-performing stocks in 2024, largely driven by the AI boom. Nvidia, renowned for its dominance in data center GPUs, reported a staggering 94% revenue growth and high profit margins thanks to its AI-focused chips. In contrast, Palantir has excelled in AI-based software solutions, achieving 30% revenue growth but with a much higher valuation. While both companies have strong growth potential, Nvidia is considered the better investment due to its solid financials and lower risk of valuation collapse.
Source: YAHOO