The Best AI Stock Today Isn't Nvidia or Palantir, and Shares Are Soaring

Shares of Nvidia and Palantir Technologies have surged in phenomenal fashion in the past two years or so amid the rapidly growing adoption of artificial intelligence (AI) technology across the globe.While Nvidia stock has jumped an impressive 886% since the beginning of 2023, Palantir has witnessed a bigger surge of more than 2,000% as of this writing. These eye-popping gains are a result of the fast-growing demand for Nvidia's AI hardware and Palantir's software platforms that help companies and governments integrate generative AI into their operations.However, their stunning surges explains why the two stocks are now trading at premium valuations. Nvidia's price-to-earnings ratio stands at 46 right now, while Palantir is way more expensive at 608 times earnings. That's why it would be a good idea to take a closer look at another company that's not only benefiting from the growing demand for AI hardware, software, and other tools but is also trading at an attractive valuation right now.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool