PLTR - Better Artificial Intelligence Stock: Palantir Technologies vs. C3.ai
2024-06-15 04:15:00 ET
The demand for artificial intelligence (AI) software is expected to take off remarkably in the long run as organizations and governments across the globe are deploying this technology for various applications. Not surprisingly, S&P Global Market Intelligence expects the size of the generative AI software market to grow at an annual rate of 58% through 2028, generating $52 billion in annual revenue.
Palantir Technologies (NYSE: PLTR) and C3.ai (NYSE: AI) are two companies through which investors can capitalize on the fast-growing AI software market. However, it is worth noting that both stocks have enjoyed divergent fortunes on the market in the past year. While shares of Palantir have posted impressive gains of 54%, C3.ai stock has dropped 15% in the past year.
Does this mean Palantir is the better AI bet of the two? Or will C3.ai's fortunes start turning around following its latest quarterly report? Let's find out.
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Better Artificial Intelligence Stock: Palantir Technologies vs. C3.ai