Adobe and Palantir Poised to Ride the AI Wave with New Offerings
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Adobe and Palantir are AI software companies well-positioned to benefit from generative AI trends like ChatGPT.
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Adobe recently launched Firefly, AI models for creating and editing images, video, illustrations, etc. This could boost growth and pricing power.
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Palantir launched its AI Platform to combine machine learning with large language models to boost effectiveness. It also won a big Army AI contract.
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Adobe has strong profits and reasonable valuation. Palantir has slower growth but big AI potential that could justify its high valuation.
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Adobe is the safer blue chip investment. Palantir is more speculative but could benefit more from AI growth.