Is Palantir’s Deal With Nvidia a Game Changer? | The Motley Fool

Among megacap technology stocks, no other company has benefited from the artificial intelligence (AI) revolution more than Nvidia (NVDA 1.04%). Over the last three years, its shares have skyrocketed 960%, propelling the company’s market capitalization to $4.4 trillion and making it the most valuable business in the world.

Perhaps the largest beneficiary of AI beyond the “Magnificent Seven” is data analytics specialist Palantir Technologies (PLTR +3.16%), whose shares gained more than 2,000% since ChatGPT was released three years ago.

It was only a matter of time before these two AI darlings synced up. Now, with Nvidia and Palantir joining forces, investors are surely wondering if the recent partnership could redefine the AI landscape.

Let’s break down how Palantir and Nvidia are working together and assess how investors could benefit from this new dynamic duo.

How the partnership works

It’s important for investors to understand why large corporations and government agencies are investing in AI in the first place. One of the biggest pain points at the enterprise level is sifting through unstructured, messy data that’s housed across an array of disparate systems that don’t integrate well with one another.

Today’s Change

(3.16%) $5.39

Current Price

$176.08

Key Data Points

Market Cap

$407B

Day’s Range

$168.83 – $177.91

52wk Range

$63.40 – $207.52

Volume

31M

Avg Vol

55M

Gross Margin

80.81