Should You Forget Palantir and Buy This Artificial Intelligence (AI) Stock Instead?

Palantir Technologies (NASDAQ: PLTR) has been one of the hottest artificial intelligence (AI) stocks on the market in the past couple of years, registering stunning gains of more than 820%, as of this writing, on the back of the company's rapidly improving credentials in the lucrative market for AI chips.What's worth noting is investors who bought Palantir a couple of years ago now hold fat gains despite the recent slide. Palantir's pullback owing to the tariff-fueled turmoil could entice growth investors to add more of this software specialist's shares.However, Palantir continues to trade at an expensive valuation despite pulling back. It sports a price-to-sales (P/S) multiple of 66 along with a trailing price-to-earnings (P/E) multiple of 410. While Palantir's forward earnings multiple of 145 points toward a big jump in its bottom line, the multiple is still on the expensive side.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool