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Which AI Stock, NVIDIA or Palantir, Has More Upside and Is a Buy?

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Over the past year, advancements in artificial intelligence (AI) have driven NVIDIA Corporation (NVDA - Free Report) and Palantir Technologies Inc. (PLTR - Free Report) to top trading stocks on Wall Street. With AI in its early expansionary phase, let’s explore which one has more growth potential and investment appeal. 

Reasons to be Bullish on NVDA Stock

NVIDIA notched commendable financial results in fiscal 2025 (ended in January), with revenues jumping 114% to $130 billion and adjusted earnings climbing 130% to $2.99 a share. Dominance in data center graphics processing units (GPUs) helped NVIDIA report impressive results. After all, NVIDIA accounted for 98% of data center GPU sales. 

Due to the stronger position in the GPU market, NVIDIA’s sales are poised to increase this year. The high demand for advanced Blackwell chips with faster AI interface and energy efficiency will likely improve NVIDIA’s revenues and boost the stock price. 

Prominent tech firms Microsoft Corporation (MSFT - Free Report) and Alphabet Inc. (GOOGL - Free Report) have already chosen Blackwell chips, while demand for old Hopper chips remains steady owing to their superior quality compared to its competitor Intel Corporation (INTC - Free Report) . 

DeepSeek’s threat, by the way, is overblown. Its inexpensive model will boost AI usage and increase the demand for NVIDIA chips. Nonetheless, autonomous vehicles could drive increased demand for NVIDIA’s technology. NVIDIA’s solutions are in demand for developing autonomous vehicle systems, and the company expects its automotive revenues to touch $5 billion in fiscal 2026, up 3X from the prior fiscal year.

Reasons to be Bullish on PLTR Stock

Palantir posted encouraging financial results in 2024, with revenues improving 29% to $2.8 billion and non-GAAP net income surging 64% to $0.41 per share. An increase in demand for the company’s Artificial Intelligence Platform (AIP), which can automate tasks beyond human capabilities helped Palantir report notable results. 

Additionally, the unrecorded sales in the last reported quarter surpassed revenue growth, indicating a possible expansion. Also, increased spending from U.S. commercial and government clients signals strong growth possibilities.

Meanwhile, Palantir’s leadership in AI-driven process mining signals promising growth potential, enhanced by innovative AI and machine learning integration.

Why Choose NVIDIA Over Palantir?

Despite the positives, NVIDIA has the upper hand over Palantir. Insane demand for NVIDIA’s chips and its initiative to provide an extensive AI computing solution gives Jensen Huang-led NVIDIA an edge over Palantir, which may face bottlenecks if AI investment diminishes. Lest we forget, Palantir’s major customer, Uncle Sam, is trimming spending amid indecision over future software budgets.

Anyhow, NVIDIA’s growth potential is much stronger than Palantir’s. This is because NVIDIA estimates sales to soar 65% year over year in the first quarter, significantly outpacing Palantir’s revenue growth projection of 31% for this year. 

Maybe that is why brokers have more faith in NVIDIA than Palantir, making the former a tempting buy. They have raised NVIDIA’s average short-term price target by 45.9% to $177.19 from the previous $121.41. 

Zacks Investment Research

Image Source: Zacks Investment Research

On the other hand, they have lowered Palantir’s average short-term price target by almost 13% to $84.22 from the previous $96.75. 

Zacks Investment Research

Image Source: Zacks Investment Research

Having said that, NVIDIA also has an investment advantage. Its price/earnings ratio of 27.41 is lower than Palantir’s 173.56, making it more affordable. 

Zacks Investment Research

Image Source: Zacks Investment Research

NVIDIA, thus, rightfully has a Zacks Rank #2 (Buy), whereas Palantir has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.


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