March 8, 2025

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Nvidia and Palantir Lead AI Hardware and Software Revolution

Nvidia and Palantir: Leaders in AI Hardware and Software

Nvidia and Palantir are two companies that have been at the forefront of the artificial intelligence (AI) revolution. Nvidia's recent results suggest that the fast-growing demand for AI hardware continues to be a key growth driver for the company. The company's revenue in the fourth quarter of fiscal 2025 increased a terrific 78% year over year to a record $39.3 billion. Adjusted earnings also increased by an impressive 71% to $0.89 per share. Both numbers were ahead of Wall Street's expectations.

Palantir Technologies, on the other hand, is one of the leading vendors of AI software platforms. The company's revenue growth accelerated to 29% in 2024 from a 17% increase witnessed in 2023. Palantir's top line came in at just under $2.9 billion last year, and the company still has a lot of room for growth in the future.

Google's AI Investments: A New Development

The US Department of Justice is still calling for Google to sell its web browser Chrome, according to a Friday court filing. However, the DOJ is no longer calling for the company to divest all its investments in artificial intelligence, including the billions Google has. Instead, the DOJ will be satisfied with prior notification for future investments.

Apple's AI Delay: A Setback for the Tech Giant

Apple has postponed the release of its upgraded Siri features, initially set for a 2025 spring launch, due to more development required. This includes adding personal context awareness and cross-app actions. Concerns over current AI capabilities not meeting expectations might lead to potential redevelopment.

AI in the News: A Roundup of the Latest Developments

In other AI-related news, TipRanks has launched its most comprehensive AI stock analyst, Spark. The company aims to provide investors with a more accurate and data-driven approach to stock analysis. Additionally, the US has dropped its bid to make Google sell AI investments in an antitrust case.

Key Takeaways

  • Nvidia's strong results suggest that the demand for AI hardware continues to be a key growth driver for the company.
  • Palantir's revenue growth accelerated in 2024, and the company still has a lot of room for growth in the future.
  • Google's AI investments are no longer a point of contention in the DOJ's antitrust case.
  • Apple's delay in releasing its upgraded Siri features may be a setback for the tech giant.
  • TipRanks' launch of Spark aims to provide investors with a more accurate and data-driven approach to stock analysis.
  • The US has dropped its bid to make Google sell AI investments in an antitrust case.

Sources

Nvidia Palantir Artificial Intelligence AI Hardware AI Software Google AI Investments