Nvidia is significantly cheaper than Palantir despite enjoying superior growth. In fact, Palantir's valuation is so rich that the stock's 12-month median price target of $38 points toward a 50% drop from current levels. Nvidia, on the other hand, carries a 12-month median price target of $175, which would be a 23% increase from where it is now.

Palantir Technologies Inc (PLTR) stock saw a modest uptick, ending the day at $76.34 which represents a slight increase of $4.47 or 6.22% from the prior close of $71.87. The stock opened at $72.95 and touched a low of $72.

There's no question which artificial intelligence (AI) stock is set to be the biggest winner of 2024. Despite being on track to deliver a gain of more than 180%, it won't be Nvidia (NASDAQ: NVDA). Instead,

Investor enthusiasm about Palantir Technologies has driven the stock to sky-high valuation metrics. At Tuesday’s close, Palantir was trading at 67 times its sales over the last 12 months. History suggests Palantir’s stock could be peaking,