“`html
Key Points
Tech stocks are currently dominating the market, with the Nasdaq Composite experiencing a 28% gain over the past 12 months, outpacing the Dow Jones and S&P 500. Key players include Palantir Technologies and Nvidia, both seeing significant growth in revenue and market capitalization.
Palantir Technologies
Palantir has reported a 500% stock increase in the past year, achieving its first $1 billion revenue quarter, a 48% growth year-over-year. Notably, U.S. commercial revenue surged 93% to $306 million, and U.S. government revenue rose 53% to $426 million.
Nvidia
Nvidia’s stock rose 73% over the last year, recently hitting a market cap of $4.4 trillion. They are expected to benefit from increased spending by cloud companies and a new revenue-sharing deal for AI chip sales in China, opening potential avenues to recoup a $4.5 billion revenue loss incurred earlier.
“`
