Here's the Eye-Popping Amount Nvidia's Stock Would Be Worth If It Traded Like Palantir

Core Insights - Palantir Technologies and Nvidia are both benefiting from the artificial intelligence (AI) trend, but Palantir has a significantly higher valuation premium compared to Nvidia [2][10] - If Nvidia were valued similarly to Palantir, its market capitalization could reach staggering figures based on various valuation metrics [4][5][6][8] Valuation Metrics Comparison - Palantir's price-to-book ratio is 62.7, which is 1.5 times higher than Nvidia's 42.35; if Nvidia traded at Palantir's ratio, its market cap would be approximately $6.3 trillion instead of $4.3 trillion [4] - Palantir's price-to-sales ratio is 115, while Nvidia's is nearly 26; if Nvidia traded at Palantir's price-to-sales ratio, its market cap could be close to $19 trillion [5] - Palantir's trailing price-to-earnings (P/E) ratio is 522.4, over 10.5 times higher than Nvidia's 49.6; if Nvidia had Palantir's P/E ratio, it would be valued around $45 trillion [6] - Palantir's forward P/E ratio is 243.9 compared to Nvidia's 39; if Nvidia traded at Palantir's forward P/E, its market cap would be about $26.7 trillion [7] - Palantir's enterprise value (EV) to EBITDA ratio is 612.3, while Nvidia's is slightly above 15; if Nvidia had Palantir's EV-to-EBITDA ratio, it would be worth approximately $64.4 trillion [8] Growth and Earnings Comparison - Nvidia's revenue grew 56% year over year in its latest quarter, while Palantir's revenue increased by 48%; this indicates that Nvidia is not lagging in growth despite Palantir's higher valuation [9] - Palantir's net income surged 142% year over year in Q2 2025, compared to Nvidia's 59% earnings growth, contributing to Palantir's valuation advantage [10] - Wall Street projects higher earnings growth for Nvidia next year compared to Palantir, raising questions about Palantir's long-term growth prospects [10] Market Sentiment and Investor Behavior - Palantir has been more favored by retail investors, which may explain its higher valuation metrics compared to Nvidia; institutional investors show less interest in Palantir [11] - If Palantir were to trade like Nvidia, its market cap could be between 32% and 98% lower than its current level, indicating potential downside for Palantir shareholders [12]