Nvidia is significantly cheaper than Palantir despite enjoying superior growth. In fact, Palantir's valuation is so rich that the stock's 12-month median price target of $38 points toward a 50% drop from current levels. Nvidia, on the other hand, carries a 12-month median price target of $175, which would be a 23% increase from where it is now.

Palantir Technologies Inc (PLTR) stock saw a modest uptick, ending the day at $76.34 which represents a slight increase of $4.47 or 6.22% from the prior close of $71.87. The stock opened at $72.95 and touched a low of $72.

There's no question which artificial intelligence (AI) stock is set to be the biggest winner of 2024. Despite being on track to deliver a gain of more than 180%, it won't be Nvidia (NASDAQ: NVDA). Instead,

Investor enthusiasm about Palantir Technologies has driven the stock to sky-high valuation metrics. At Tuesday’s close, Palantir was trading at 67 times its sales over the last 12 months. History suggests Palantir’s stock could be peaking,

However, if you had invested $100,000 in Palantir at its all-time low, your investment would be worth a whopping $1.37 million today. Its stock soared to the $80s over the past two years as its sales growth accelerated,