AMD and Palantir Push AI Growth - Chipmaker AMD Powers AI Hardware While Palantir Leads in AI Software
• AMD's AI chip revenue is growing rapidly and expected to reach $3.5 billion by 2024. Its Ryzen processors also power over 90% of current AI PCs.
• Palantir's Artificial Intelligence Platform is driving strong growth, with US commercial revenue up 70% and over 100 $1M+ deals in Q4 2023.
• Palantir is the top AI software supplier and its growth is accelerating from AI demand. AMD competes with Nvidia in the AI chip market.
• Both AMD and Palantir trade at premium valuations, but Palantir is growing faster. AMD is cheaper for more risk-averse investors.
• Palantir could justify its higher valuation with stronger than expected growth, but AMD also stands to benefit from AI hardware growth.