Palantir Stock News: How High Will The PLTR Stock Price Surge In 2024 And Is PLTR Better Than NVDA?

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Today, we've got an absolutely mind-blowing topic to dive into: the epic showdown between Palantir Technologies and Nvidia for the title of the best AI stock of 2024! But before we jump into the nitty-gritty, make sure to hit that like button and subscribe for more juicy updates on Palantir's PLTR stock. Alright, let's get straight into the excitement!

In the epic tale of 2023, Nvidia claimed the throne as the best AI stock, but hold onto your hats, because 2024 is shaping up to be a battleground, with Palantir eyeing that top spot! 🚀 Palantir, the AI juggernaut, saw its stock triple in 2023 and is now a serious contender for the crown.

Palantir's AI platform is a force to be reckoned with, originally designed for combat commanders and cybercrime hunters, but now making waves in civilian sectors like supply chain analysis and anti-money laundering. 🌐 And let's not forget the accolades—it's been recognized as a leader in AI and machine learning by Forrester Research.

Now, let's talk numbers! Palantir's revenue soared by 17% in the third quarter, reaching a whopping $558 million. But here's the twist—the stock's price-to-sales ratio skyrocketed from 6.8 to 21 times, creating a bit of a conundrum for investors. Can Palantir's business growth match the sky-high expectations set by its stock price?

Hold on, there's more drama! Wall Street analysts predict a 20% revenue growth for Palantir in 2024. 📈 But with the vast AI market offering other economically priced stocks, the competition is fierce, and investors are urged to tread carefully.

Now, let's compare this underdog, Palantir, to the giant, Nvidia. Nvidia has been on a wild ride, capturing hearts with a jaw-dropping 210% surge and boasting a colossal valuation of $1.1 trillion. Palantir, on the other hand, has seen a meteoric rise, securing a $40 billion valuation.

But here's the burning question—who will be the ultimate investment star by 2030? Palantir, the wizard of the software realm, is making magic happen with its data analytics software. Picture this: identifying trends and guiding strategic decision-making. Mind-blowing, right?

In the face of rising interest rates, Palantir faced a momentary revenue slowdown, but fear not! The third quarter brought a 17% YoY growth and a remarkable surge in customer count. And get this—Palantir bagged a massive $412 million contract with England's public healthcare system, promising sustained growth.

Now, let's talk earnings! Analysts project a mind-bending 72% annual earnings growth for Palantir over the long term. 🚀 Nvidia, the reigning maestro, is riding high with a 200% revenue growth, but can it sustain this pace? Analysts whisper of a 39% annual earnings growth rate.

Hold onto your financial hats, folks! Nvidia added over $500 billion in market cap in the past year, overshadowing Palantir's current valuation. But don't underestimate the underdog! Palantir's smaller size is a catalyst for accelerated growth, with a potential 20-fold increase in value over the next decade.

In conclusion, the race between Palantir and Nvidia is heating up! 🏁 While Palantir might not surpass the current behemoth, the stock's allure is irresistible. So, buckle up, investors, for the financial rollercoaster of the future—full of twists, turns, and a symphony of growth! Hit that like button, subscribe for more Palantir updates, and I wish you the best of luck and happy investing! 🚀💸

SOURCES: https://www.fool.com/investing/2023/12/07/will-palantir-technologies-worth-more-than-nvidia/

https://www.fool.com/investing/2023/12/07/will-palantir-be-the-top-artificial-intelligence-a/

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Disclosure: This video was done by myself, and it expresses my own opinions. This is not investment advice or financial advice and it should not be taken as investment advice or financial advice in any way shape or form. I am not receiving any form of compensation for this video from the company or organization that I am expressing opinions about. This video is for entertainment and or educational purposes only.