Key Points
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Google parent Alphabet covers nearly all of the bases in AI.
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Micron Technology is dirt-cheap compared to Palantir.
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Nvidia is growing at roughly the same rate as Palantir but offers a more attractive risk-reward proposition.
Palantir Technologies (NASDAQ: PLTR) saw its stock soar nearly 140% in 2025, adding to a remarkable 340% increase in the previous year. CEO Alex Karp considers this just the beginning for the company’s growth in artificial intelligence (AI). In contrast, key competitors are emerging as strong alternatives for investment, including Alphabet, Micron Technology, and Nvidia.
Alphabet (NASDAQ: GOOG, GOOGL) is at the forefront of AI development with Google Cloud, used by nearly all AI “unicorns.” Its Gemini 3.0 Pro tool is the top large language model, signaling major advancements in AI capabilities. Micron Technology (NASDAQ: MU), crucial for AI operations, remains a strong investment option with a forward price-to-earnings ratio of 9.2, significantly lower than Palantir’s 181.8.
Nvidia (NASDAQ: NVDA), known for its powerful GPUs, reported a 62% revenue growth year-over-year, almost matching Palantir’s 63%. However, Nvidia’s quarter-over-quarter growth of 22% exceeds Palantir’s 18%, making it an appealing investment choice due to its more favorable valuations.
