Can Palantir Stock Become the Next Nvidia?

With its stock up 2,500% in the past five years, it's perhaps not surprising that investors are looking for the next Nvidia (NASDAQ: NVDA). The company has been the biggest winner from the artificial intelligence (AI) boom and as a result has become one of the largest companies in the world.I was recently browsing a stock message board when I saw an investor ask which stock will be the next Nvidia. The overwhelming response was Palantir (NASDAQ: PLTR). The company has already had a strong 2024 and its stock has been among the biggest winners on Wall Street this year.With that said, let's dig into what it would take for Palantir stock to become the next Nvidia in the coming years. But first we'll have to decide what that actually means. Nvidia was trading at a split-adjusted price of about $5.30 around five years ago (Dec. 6, 2019) and trades at around $138 as of this writing, which is about a 26 times gain. The company has a market cap of about $3.5 trillion as of this writing.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool