Key Highlights
- Palantir's valuation is historically high, even when benchmarked against major players in other technology-fueled rallies.
- 10 stocks we like better than Palantir Technologies › For the last three years, investors have been bombarded by the stock market's newest megatrend: artificial intelligence (AI).
- Indeed, AI's grip on investor sentiment echoes the euphoria that Wall Street witnessed over a quarter of a century ago, when the internet was the subject of all the buzz.
- Within the technology arena, a small set of megacap stocks that have come to be known as the "Magnificent Seven" -- Nvidia, Microsoft, Apple, Alphabet, Amazon, Meta Platforms, and Tesla -- have become the ultimate barometers of the AI trade.
- However, some smaller companies have proven that they can go toe-to-toe with these behemoths.
