Posted 2/17/2024, 6:30:00 PM
Nvidia and Palantir Poised to Ride AI Boom to Massive Growth Over Next Decade
- Artificial intelligence (AI) market expected to grow massively over the next decade to over $1 trillion per year
- Nvidia is a top AI chipmaker with 90% market share, over 100% revenue growth, and long runway for continued expansion
- Palantir is a leading AI software provider ranked #1 in market share, with accelerating commercial growth from its AI platform
- Nvidia and Palantir well-positioned to capitalize on AI boom over the next 10 years through hardware and software offerings
- Both stocks have upside from earnings multiples below historical averages and exponential earnings growth forecasts over the next 5 years