The battle for AI supremacy isn’t just about innovation — it’s a clash of titans in the stock market. Nvidia Corp NVDA and Palantir Technologies Inc PLTR are two names synonymous with AI dominance, but which one deserves a spot in your portfolio?
Let’s break down the numbers and signals analysts are sending.
Nvidia, with its cutting-edge GPUs, has been riding high on the AI revolution, posting an 184.01% gain in the past year. But the recent months have been bumpy, with a 6.62% decline in the last 30 days, signaling headwinds for the tech giant.
Analysts from DA Davidson, Phillip Securities and Truist Securities, as an average of all three, peg Nvidia’s price target at $154.67, an implied 12.44% upside from the current price of $137.34.
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But technical indicators suggest trouble:
- Eight-day SMA at $139.81: A bearish signal.
- 20-day SMA at $140.38: Another bearish signal
- 50-day SMA at $138.57: Yet another bearish.
- 200-day SMA at $115.28: A bullish signal, indicating long-term optimism.
Despite the bearish near-term trend, Nvidia’s fundamentals keep it in the game, especially for long-term AI believers.
Palantir, an analytics giant with a focus on AI-driven data solutions, has been on a jaw-dropping rally, boasting a 308.95% gain in the past year and a 20.40% surge in the past month.
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Unlike Nvidia, Palantir’s current trend is strongly bullish, backed by robust technicals:
- Eight-day SMA at $72.51: A bullish signal.
- 20-day SMA at $67.94: A bullish signal.
- 50-day SMA at $55.16: Another bullish signal.
- 200-day SMA at $33.73: Yet another bullish signal, underscoring sustained momentum.
Analysts, however, have mixed feelings. Mizuho, Baird and BofA Securities give Palantir, as an average of all three, a price target of $63, implying a 14.63% downside from its current price of $73.20. This disparity suggests Palantir might be overextended in the short term, even if the technicals scream bullish.
If you’re looking for momentum and near-term gains, Palantir might be your pick, riding its bullish wave. But if long-term AI dominance is your goal, Nvidia’s fundamentals and analyst support make it a compelling choice, despite the current bearish signals.
Investors must decide: ride Palantir’s rocket or bet on Nvidia’s resilience?
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