Teksto dydis
Nvidia stock is up 180% this year, reaching $1 trillion market value.
Dreamtime
Investors continue to scramble for artificial intelligence plays, and price appears to be no object.
Exhibit A in this phenomenon is
nvidia
(ticker: NVDA), the primary supplier of chips used for training large language models and running AI-based systems. Nvidia stock is up 180% this year, reaching $1 trillion market value on Tuesday morning—the first chip company to ever hit that mark and the fifth U.S. company with a current 13-digit market capitalization.
But investors are hungry for other ideas.
Two of the biggest beneficiaries of the AI trend have been
C3.ai
(AI), tech entrepreneur Tom Siebel’s brainchild, and
Palantir
(PLTR), a company co-founded and chaired by investor Peter Thiel, which provides data analytics tools to both enterprise and government contractors.
Shares of C3.ai have soared 233% for the year through Friday, and Palantir stock has rallied 128% over the same period.
Both were extending their gains on Tuesday. C3.ai shares spiked 19% to $39.10 in recent trading, while Palantir shares have jumped another 9% to $14.88.
Both stocks now sport lofty valuations: C3.ai trades for about 13 times expected revenue; Palantir trades for about 12 times. (Although both look like relative bargains compared with Nvidia, trading at more than 18 times forward revenue.)
Adding fuel to the fire, C3.ai announced Tuesday that its C3 Generative AI tool, originally unveiled in February, is now available on the AWS Marketplace—a platform created by
Amazonė
(AMZN) Web Services for third parties offering software tools that run on the Amazon cloud. The company said the move “accelerates the procurement and onboarding process, enabling customers to rapidly access C3 AI and AWS’s combined Generative AI expertise in just a few clicks.”
Palantir announced an AI platform of its own in April, which it calls simply AIP, an acronym for Artificial Intelligence Platform. On Thursday, the company is going to crank up the noise on its AI ambitions, with an event called AIPCon. It plans to unveil new details on the platform, which the company says will feature comments from a variety of clients, including
"Cisco Systems"
(CSCO), Cleveland Clinic, J.D. Powers,
"Lockheed Martin"
,
PG&E
,
and various others.
Someday the market’s AI mania phase will calm down. But not today.
Rašykite Erikui J. Savitzui adresu [apsaugotas el. paštu]
Source: https://www.barrons.com/articles/nvidia-palantir-c3-ai-stock-45117d53?siteid=yhoof2&yptr=yahoo