Palantir: Two stocks predicted to surpass Palantir's value

Palantir Technologies has seen a remarkable rise, climbing 1,410% this year thanks to its artificial intelligence platform. However, its stock valuation is very high compared to its competitors, trading at a price-to-sales ratio of 78, posing risks amid economic uncertainties. Investors may consider two alternative stocks expected to perform better than Palantir in the next year. Advanced Micro Devices, despite a recent stock decline, reported strong revenue growth. It is optimistic about future AI developments and has a better valuation at a forward price-to-earnings ratio of 23. Intuitive Surgical is another strong contender. Its da Vinci surgical robot is widely used for minimally invasive procedures, leading to consistent revenue growth. With a market cap of $182.2 billion, it offers steady growth potential and may better withstand economic challenges compared to Palantir.