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Nvidia (NASDAQ: NVDA) and Palantir Technologies (NASDAQ: PLTR) have been among the best-performing stocks in the stock market, with Nvidia leading in the Dow Jones Industrial Average and Palantir topping the S&P 500 in 2024. Nvidia reported $11 billion in revenue from its new Blackwell architecture during its first quarter, while Palantir showed double-digit revenue growth in both its commercial and government segments.
Wall Street analysts favor Nvidia, with around 30 firms recommending a buy and a predicted price increase of 19% over the next 12 months. In contrast, Palantir has only two positive recommendations among nine analysts, with an anticipated price decline of 25% within the same period due to its high valuation, trading at 232 times forward earnings estimates.
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