Nvidia stock looks more reasonable. It currently trades at a price-to-sales ratio of 31 and a price-to-earnings ratio of 55. Both of these companies have a lot to offer investors, especially if demand for AI continues to grow, but looking at both stocks holistically, Nvidia is the better buy.

Newly minted highs of nearly $85 per share will be far in the rearview mirror as Palantir strikes its way towards a price target of $100 and then $125. All thanks to Wall Steet’s shift to being buyers of the stock. As always, the simplest trade here is a buy and hold strategy.

Nvidia stock fell in early Monday trading as investors looked ahead for clues about the chip maker’s next launch. Shares were down 1% to $135.62 in premarket trading. They fell 2.1% Friday. The stock has been largely range-bound during the past three months,

In December 2023, I discussed the reasons shares of Nvidia could double in 2024. These included the robust demand for its graphics processing units (GPUs) for AI model training and inference, and the steps being taken by its manufacturing partner, Taiwan Semiconductor Manufacturing (NYSE: TSM), to ramp up supply.