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Core News Facts
Palantir Technologies (NASDAQ: PLTR) has experienced remarkable growth since OpenAI launched ChatGPT in November 2022, with its market capitalization skyrocketing from $12.5 billion to over $400 billion. The software company’s price-to-sales (P/S) ratio currently stands at 112, significantly higher than many comparable high-growth software firms.
Advanced Micro Devices (NASDAQ: AMD) has seen its stock price rise 79% this year, bolstered by successful adoption of its MI300 and MI400 chip series among major AI developers like Microsoft and Meta Platforms. Analysts estimate that hyperscalers will spend around $500 billion on AI infrastructure in the coming year, positioning AMD to capitalize on ongoing investments.
While AMD is 16% away from matching Palantir’s market cap, it is gaining momentum in the AI market, showcasing potential for continued stock price growth as demand for semiconductor technology increases.
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