Palantir Pulls Ahead of Snowflake in AI Race as Latter Struggles with Slowing Growth
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Palantir has seen success with its new AI product, the Artificial Intelligence Platform (AIP), leading to more customers and profits.
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In contrast, Snowflake's growth is slowing, its net revenue retention is declining, and it's still losing money.
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Snowflake acquired an AI startup, Neeva, but has been quiet about its AI strategy since. Its CEO also just resigned.
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Palantir trades at a higher valuation based on price-to-sales ratio, but this seems warranted given its AI momentum.
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Palantir looks like the winner over Snowflake with stronger growth, profits, customer acquisition and a clear AI vision.