Meta Stock Returns Pale Next To Peter Thiel’s Secretive Data Company Even As Mark Zuckerberg Company’s AI Advancements Generate Excitement – Meta Platforms (NASDAQ:META), Palantir Technologies (NYSE:PLTR)

Meta Platforms, Inc. and Palantir Technologies, Inc. are showcasing remarkable momentum as of late, amidst the backdrop of burgeoning technological advancements in artificial intelligence. While Meta’s stock is soaring to unprecedented heights, Palantir stands strong, aiming to reclaim its past triumphs in the market ring.

Comparing the Giants

Year-to-date figures indicate Meta’s robust growth of over 68%, a commendable feat. However, impressive gains trump even higher as Palantir boasts a remarkable surge of 133% for the same period. Notably, Palantir, co-founded by secretive genius Peter Thiel, clinches the fourth spot as the top-performing S&P 500 company this year. Conversely, Meta, under the vision of Mark Zuckerberg, secures the 11th spot on this prestigious list.

Source: Benzinga Pro

Both Meta and Palantir have outshined the broader market’s performance, exemplified by the SPDR S&P 500 ETF Trust that tracks the S&P 500 Index.

Valuation Insights

Valuations reflect the recent accomplishments, with Palantir at a towering forward P/E ratio of 95.2, while Meta holds a more conservative stance at 24.75. Notably, Meta’s P/E ratio of 21.3 aligns with the communications services sector standards.

See Also: Best Artificial Intelligence Stocks

The Palantir Surge

Palantir witnessed a significant uptrend post its inclusion in the S&P 500 Index, materializing on September 9. Wedbush analyst Daniel Ives praised this development, stating that the company’s profitability outlook had received a substantial boost. Despite minor fluctuations post-inclusion, Palantir has demonstrated unwavering strength throughout October.

Source: Benzinga Pro

Meta’s Investor Conclave

Delving into Meta’s trajectory, a noteworthy upswing followed the early August market disturbances. The Meta Connect conference in late September heralded a wave of product unveilings, including cutting-edge AI-driven chatbots, advanced smart eyewear, and next-gen virtual reality gear. This captivating showcase resonated well with investors, propelling Meta’s stock on a steady upward journey.

Source: Benzinga Pro

Analyzing Future Movements

Analysts’ price projections signal potential growth for Meta, contrasted with a downside outlook for Palantir. As Meta gears up for its third-quarter results in late October, expectations loom high, with projections pointing to significant earnings per share and revenue growth. Palantir’s allure to retail investors coupled with promising financial results could underpin its upward trajectory.

Entering a seasonally robust quarter, both Meta and Palantir are positioned for further growth. Despite stretched valuations, inherent market dynamics could pave the way for continued advancement. However, looming geopolitical uncertainties and macroeconomic challenges serve as cautionary notes in an otherwise optimistic narrative.

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