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05.11.2024 08:00:00

Better Artificial Intelligence Stock: Palantir vs. Super Micro Computer

It seems like any stock related to artificial intelligence (AI) has soared recently. There are no two better examples than Super Micro Computer (NASDAQ: SMCI) and Palantir (NYSE: PLTR), whose stocks were at one point both up over 100% this year. Investors are enamored with the booming spending across the technology industry to support growth for AI software tools, hoping to ride the wave of one of the next big technology trends. Analysts expect cloud computing revenue to reach $2 trillion in spending by 2030, which should help revenue growth for a lot of these AI companies.Both Super Micro Computer and Palantir have been labeled AI stocks, but that doesn't necessarily mean they are great investments. Which is the better buy today: Palantir or Super Micro Computer stock? Let's take a closer look and find out.Palantir makes analytical software for large businesses and the United States government, mainly the military and intelligence agencies. It rose to prominence by embracing a role as a software defense contractor while most of the tech industry shied away from working with the government. This decision has paid off handsomely for the company.Continue readingWeiter zum vollständigen Artikel bei MotleyFool

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Palantir 156,72 4,35% Palantir
Super Micro Computer Inc 39,50 1,31% Super Micro Computer Inc