In 2024, Nvidia’s revenue soared to $130.5 billion, with AI-driven data center sales accounting for nearly 80% of its growth, reflecting a 93% year-over-year increase. Its CUDA software ecosystem further cements its dominance, creating a high barrier to entry for competitors like AMD or Intel.

Year to date, Nvidia ( NVDA 1.69%) stock has returned 2%, while Palantir Technologies ( PLTR 0.20%) stock has advanced 72%. But forecasts from Wall Street analysts suggest that investors should buy one and sell the other.

Nvidia (NVDA) posted better than expected first quarter earnings with massive growth in its data center business. Angelo Zino, senior vice president at CFRA Research joined TheStreet to break down what’s driving the results,