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Key Financial Updates
Palantir Technologies (NASDAQ: PLTR) reported strong quarterly earnings on November 3, 2023, exceeding analysts’ expectations and raising its full-year guidance, significantly spurred by increasing demand in the artificial intelligence sector. Despite these positive results, Palantir’s stock fell nearly 8% after the report and has since declined by about 16%.
In comparison, Nvidia (NASDAQ: NVDA) is set to report its third-quarter earnings for the 2026 fiscal year on November 19, 2023. Nvidia expects robust performance, with total cumulative shipments related to its AI platforms reaching $500 billion this year. While Palantir trades at over 230 times its forward earnings estimates, Nvidia’s valuation remains more appealing at approximately 40 times, potentially positioning it more favorably as the AI market evolves.
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