PLTR - Better AI Stock: Palantir vs. Nvidia
2024-05-01 05:15:00 ET
Palantir (NYSE: PLTR) and Nvidia (NASDAQ: NVDA) represent two different ways to invest in the growing AI market. Palantir is a data mining and analytics company which mainly serves U.S. government agencies and large enterprise customers. It aggregates data from disparate sources to help those clients make smarter data-driven decisions.
Nvidia is the world's top producer of discrete GPUs. Its chips were once mainly used in PC gaming, but it expanded into the data center market with higher-end GPUs for processing machine learning and AI tasks. It now generates most of its revenue from the data center market, and most of the world's top AI companies -- including Microsoft , OpenAI, and Alphabet 's Google -- rely on Nvidia's chips to process their latest AI applications.
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Better AI Stock: Palantir vs. Nvidia