Nvidia and Palantir Approach Record Highs: Too Late to Buy?

Core Viewpoint - Nvidia and Palantir Technologies are leading the bull market, representing significant thematic opportunities in AI infrastructure and applied AI for governments and enterprises [1][15]. Nvidia - Nvidia has become the largest and most important company globally, recently announcing a $100 billion partnership with OpenAI to deploy at least 10 gigawatts of Nvidia systems for AI infrastructure [2][7]. - Over the last three years, Nvidia's stock has surged over 1,300%, with continued demand for GPUs and expectations for further acceleration in growth [3][6]. - The stock has recently broken out of a technical consolidation, with a potential for another bull run if it holds above the $180 level [8][17]. Palantir Technologies - Palantir's stock has skyrocketed more than 2,300% over the last three years, driven by AI adoption, geopolitical tensions, and rising defense spending [3][10]. - The stock is positioned to reach new record highs, with strong momentum and thematic relevance in the current market environment [11][17]. - Palantir embodies the "meta" of the bull market, making it a critical thematic play for investors [9][10]. Investment Considerations - Both Nvidia and Palantir are seen as defining stocks of the current bull market, with strong secular tailwinds attracting capital [15]. - Timing is crucial for investors, as valuations leave little margin for error after significant gains [16]. - Long-term prospects for both companies remain strong, with Nvidia central to AI hardware development and Palantir addressing urgent problems with AI applications [17][18].