- SPCX
- NVDA
Investors who favor Space Exploration Technologies (NASDAQ: SPCX) clearly prioritize growth. SpaceX soared into the stock market spotlight with its debut in June, the biggest initial public offering on record. Raising more than $85 billion and immediately joining the trillion-dollar club, SpaceX easily captured the attention of investors.
The stock, however, hasn’t performed as those investors may have expected: It’s declined 16% since it started trading. While investors like SpaceX’s growth, they may be less pleased with the company’s capital expenditures. In the recent quarter, capex came in at more than $19 billion, surpassing the company’s $14 billion in revenue.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again.In 2009, a “Double Down” signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same “Total Conviction” signal is flashing for a company 1/100th the size of Nvidia.Continue »
If you’re looking for growth, should you forget SpaceX and buy the following two artificial intelligence (AI) stocks instead? Let’s find out.
The case for Advanced Micro Devices
When you think of top AI chips, you may think of market leader Nvidia. But another company is also delivering enormous growth in this area. I’m talking about Advanced Micro Devices (NASDAQ: AMD). For years, this player has been a leader in the central processing unit (CPU) market — these are the chips found in all computers — but entered the AI chip market later than Nvidia.
Today, however, AMD is catching up nicely. The company has reported growth quarter after quarter, thanks to its progress in the area of graphics processing units (GPUs), or the chips that power key AI tasks. AMD confirmed this in the recent period, with record sales of AMD Instinct GPUs and AMD EPYC CPUs. And total data center revenue surged 97% to a record $8.5 billion.
This may look slim compared to Nvidia’s $89 billion in data center sales, but considering AMD’s commitment to AI chip development, I see this as an opportunity. AMD may find it easier from these levels to deliver tremendous growth than a company that already has the revenue levels of Nvidia. On top of this, the era of AI agents is here, and this software relies on both CPUs and GPUs. All of this could supercharge growth at AMD.
The case for Palantir Technologies
Palantir Technologies (NASDAQ: PLTR) once was a software company mainly tied to government contracts. But in recent years, even as government revenue climbed, another for the first time ever, in the third quarter, Palantir’s revenue from U.S. commercial customers surpassed its revenue from the U.S. government. The former rose 148% to $984 million, while the latter advanced 96% to $953 million
