The battle for AI supremacy is not just about innovation, but also a clash between giants in the stock market. Nvidia Inc. NVDA and Palantir Technologies Inc. PLTR Both names are synonymous with AI superiority, but which one deserves to be featured in your portfolio?
Let’s analyze the numbers and signals that analysts are sending out.
Equipped with cutting-edge GPUs, Nvidia has jumped into the AI revolution in a big way, posting gains of 184.01% over the past year. But it’s been a rocky few months, with the stock down 6.62% over the past 30 days, indicating headwinds for the tech giant.
Analysts at DA Davidson, Phillip Securities, and Truist Securities, as the average of the three analysts, expect a price target of $154.67 for NVIDIA, which would represent a 12.44% upside from the current price of $137.34. is implied.
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However, technical indicators point to trouble.
8-day SMA of $139.81: Bearish signal. 20-day SMA at $140.38: Another bearish signal 50-day SMA at $138.57: Another bearish signal. 200-day SMA $115.28: A bullish signal of long-term optimism.
Despite the short-term bearish trend, Nvidia’s fundamentals remain favorable, especially for long-term AI believers.
Related article: Palantir set to become ‘next’ Oracle in 2025, says Dan Ives: ‘AI Messi’ set for breakout year
Palantir, an analytics giant focused on AI-driven data solutions, continues its impressive rise, gaining 308.95% over the past year and surging 20.40% in the past month.
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Unlike Nvidia, Palantir’s current trends are very bullish, backed by strong technology.
8-day SMA $72.51: Bullish signal. 20-day SMA $67.94: Bullish signal. 50-day SMA at $55.16: This is also a bullish signal. 200-day SMA $33.73: Yet another bullish signal highlighting continued momentum.
However, analysts have mixed feelings. Mizuho Securities, Baird Securities, and BofA Securities have an average price target of $63 for Palantir Securities, which suggests a downside of 14.63% from the current stock price of $73.20. This difference suggests that Palantir may be overreaching in the short term, even if the technicals scream bullish.
If you’re looking for momentum and short-term gains, Palantir may be the way to go as it rides the bullish wave. But if long-term AI dominance is your goal, Nvidia’s fundamentals and analyst support make it an attractive choice despite current bearish signals.
Investors have a decision to make: ride Palantir’s rocket or bet on Nvidia’s resilience?
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