Palantir Technologies (NASDAQ: PLTR) has outperformed Nvidia (NASDAQ: NVDA) significantly in 2025, with Palantir’s shares rising nearly 70% compared to Nvidia’s single-digit gain. Palantir announced a Q1 commercial revenue of $255 million, up 71% year-over-year, with total contract bookings of $810 million, a 183% increase.
Nvidia, facing challenges due to export restrictions on AI chips, experienced a write-off of $4.5 billion in Q1 related to excess inventory and lower demand. In contrast to Palantir’s growing commercial contracts and government revenue (up 45% to $373 million), Nvidia’s revenue has been negatively impacted by tariffs and trade policies.
Looking ahead, while Palantir appears positioned for continued commercial success, Nvidia’s prospects hinge on the performance of its new Blackwell GPUs. Analysts suggest that Palantir may continue to outperform Nvidia in the short term, although Nvidia’s valuation may make it a stronger long-term investment.
