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Use This Zacks Tool to Find AI Stocks Like NVIDIA and Palantir
Key Takeaways
Zacks Thematic Screens lets you dive into 30 dynamic investment themes shaping the future.
The artificial intelligence (AI) screen returned both NVDA and PLTR.
Both stocks sport a favorable Zacks Rank.
Zacks Thematic Screens lets you dive into 30 dynamic investment themes shaping the future. Whether you're interested in cutting-edge technology, renewable energy, or healthcare innovations, our themes help you invest in ideas that matter to you.
Let’s take a closer look at the Artificial Intelligence theme and analyze a few stocks that the screen returned, namely Palantir (PLTR - Free Report) and NVIDIA (NVDA - Free Report) .
Artificial Intelligence Screen
The Zacks Artificial Intelligence thematic screen features a diverse set of companies involved in the AI frenzy, ranging from creators of software and hardware that power AI to those applying and utilizing the technology through automation, diagnostics, cognitive tasks, and more.
NVIDIA Crushes Earnings Again
NVIDIA posted a double-beat relative to our consensus expectations, with adjusted EPS of $1.62 growing 82% year-over-year. $68.1 billion in quarterly sales reflected a record, growing by a sizable 73% year-over-year.
Unsurprisingly, what everybody was focused on was the Data Center results, which again showed a red-hot demand backdrop. Data Center sales of $62.3 billion reflected a record, growing 75% year-over-year and 22% sequentially.
Below is a chart illustrating NVIDIA’s Data Center sales on a quarterly basis.
Image Source: Zacks Investment Research
The company continues to sport a favorable Zacks Rank thanks to the favorable environment and outlook, currently a #2 (Buy). As shown below, earnings expectations have risen across the board over recent months.
Image Source: Zacks Investment Research
PLTR Growth Remains Robust
Palantir again continued to fire on all cylinders throughout the period, with overall sales of $1.4 billion flying 70% year-over-year. U.S. results were notably strong, underpinned by both commercial and government strength. Specifically, U.S. sales totaled $1.1 billion, growing 93% year-over-year and an even more impressive 28% sequentially.
Shares have had a tough showing over recent weeks, with some profit-taking likely occurring after a massive run. While price action hasn’t been ideal, the company’s EPS outlook remains bullish, as shown below. The stock sports a Zacks Rank #2 (Buy).
Image Source: Zacks Investment Research
The latest set of results helps underpin the bright EPS outlook in a big way, with the demand picture undoubtedly remaining bright.
Bottom Line
Zacks Thematic Screens lets you dive into 30 dynamic investment themes shaping the future. Whether you're interested in cutting-edge technology, renewable energy, or healthcare innovations, our themes help you invest in ideas that matter to you.
Upon running the Zacks Artificial Intelligence Thematic screen, both top-ranked NVIDIA (NVDA - Free Report) and Palantir (PLTR - Free Report) were returned.
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Use This Zacks Tool to Find AI Stocks Like NVIDIA and Palantir
Key Takeaways
Zacks Thematic Screens lets you dive into 30 dynamic investment themes shaping the future. Whether you're interested in cutting-edge technology, renewable energy, or healthcare innovations, our themes help you invest in ideas that matter to you.
For those interested in viewing all of the Thematic Screens, please click here >>> Thematic Investing Screens – Zacks Investment Research.
Let’s take a closer look at the Artificial Intelligence theme and analyze a few stocks that the screen returned, namely Palantir (PLTR - Free Report) and NVIDIA (NVDA - Free Report) .
Artificial Intelligence Screen
The Zacks Artificial Intelligence thematic screen features a diverse set of companies involved in the AI frenzy, ranging from creators of software and hardware that power AI to those applying and utilizing the technology through automation, diagnostics, cognitive tasks, and more.
NVIDIA Crushes Earnings Again
NVIDIA posted a double-beat relative to our consensus expectations, with adjusted EPS of $1.62 growing 82% year-over-year. $68.1 billion in quarterly sales reflected a record, growing by a sizable 73% year-over-year.
Unsurprisingly, what everybody was focused on was the Data Center results, which again showed a red-hot demand backdrop. Data Center sales of $62.3 billion reflected a record, growing 75% year-over-year and 22% sequentially.
Below is a chart illustrating NVIDIA’s Data Center sales on a quarterly basis.
Image Source: Zacks Investment Research
The company continues to sport a favorable Zacks Rank thanks to the favorable environment and outlook, currently a #2 (Buy). As shown below, earnings expectations have risen across the board over recent months.
Image Source: Zacks Investment Research
PLTR Growth Remains Robust
Palantir again continued to fire on all cylinders throughout the period, with overall sales of $1.4 billion flying 70% year-over-year. U.S. results were notably strong, underpinned by both commercial and government strength. Specifically, U.S. sales totaled $1.1 billion, growing 93% year-over-year and an even more impressive 28% sequentially.
Shares have had a tough showing over recent weeks, with some profit-taking likely occurring after a massive run. While price action hasn’t been ideal, the company’s EPS outlook remains bullish, as shown below. The stock sports a Zacks Rank #2 (Buy).
Image Source: Zacks Investment Research
The latest set of results helps underpin the bright EPS outlook in a big way, with the demand picture undoubtedly remaining bright.
Bottom Line
Zacks Thematic Screens lets you dive into 30 dynamic investment themes shaping the future. Whether you're interested in cutting-edge technology, renewable energy, or healthcare innovations, our themes help you invest in ideas that matter to you.
Upon running the Zacks Artificial Intelligence Thematic screen, both top-ranked NVIDIA (NVDA - Free Report) and Palantir (PLTR - Free Report) were returned.