“`html
Palantir Technologies (NASDAQ: PLTR) reported a 39% increase in sales to $884 million and a 63% rise in adjusted earnings to $0.13 per share in the first quarter. The company’s share price has surged nearly 500% over the past year, though it now trades at a P/E ratio of 574, making it significantly more expensive than competitors like Nvidia and Microsoft.
Nvidia (NASDAQ: NVDA) saw its data center revenue spike 73% in the first quarter to $39 billion, with adjusted earnings rising 33% to $0.81 per share. Nvidia’s AI accelerators are estimated to be in 70% to 95% of the world’s AI data centers. In contrast, Microsoft (NASDAQ: MSFT) experienced a 35% increase in cloud services sales, reporting a 21% market share in the cloud computing sector.
The projected data center spending is set to reach $1.1 trillion by 2029, doubling from last year. Nvidia has a P/E ratio of 46, and Microsoft has a P/E of 36, offering more competitive pricing compared to Palantir’s current valuation.
“`
