Should You Forget Palantir and Buy These 2 Tech Stocks Instead?
Palantir Technologies (NASDAQ: PLTR) has emerged as a leading artificial intelligence company, offering AI data analytics to the U.S. government and businesses. And the company is growing quickly, with sales rising 39% to $884 million and adjusted earnings increasing 63% to $0.13 per share in the first quarter.That second figure is especially notable because many AI start-ups aren't profitable, making Palantir an exception among many of its peers. Its success has helped propel the company's share price to dizzying heights, gaining nearly 500% over the past year. But this rapid rise means that its stock is now extremely expensive, trading at a price-to-earnings ratio (P/E) of 574.Paying such a high premium typically isn't a wise decision. So, here are two other AI companies that are leaders as well, at a much lower premium.Continue reading
Palantir Technologies (NASDAQ: PLTR) has emerged as a leading artificial intelligence company, offering AI data analytics to the U.S. government and businesses. And the company is growing quickly, with sales rising 39% to $884 million and adjusted earnings increasing 63% to $0.13 per share in the first quarter.
That second figure is especially notable because many AI start-ups aren't profitable, making Palantir an exception among many of its peers. Its success has helped propel the company's share price to dizzying heights, gaining nearly 500% over the past year. But this rapid rise means that its stock is now extremely expensive, trading at a price-to-earnings ratio (P/E) of 574.
Paying such a high premium typically isn't a wise decision. So, here are two other AI companies that are leaders as well, at a much lower premium.
