I just doubled down on another unstoppable artificial intelligence (AI) stock. here’s why

First, let’s address the elephant in the room: It’s highly unlikely that investors, much less me, will forget Nvidia. The company has blazed a trail over the years and has become the benchmark in graphics processing units (GPUs) used to support artificial intelligence (AI). In fact, I am more optimistic than ever about the company and its future, and I continue to believe that the company has a bright future.

So why should I “forget Nvidia” and double down on another AI title instead? It comes down to portfolio management. I started accumulating Nvidia shares over six years ago and continued to increase my position until earlier this year. Nvidia stock has gained 800% since the start of last year (as of this writing) and more than 3,300% over the past five years.

Thanks to the stock’s parabolic movement, Nvidia is now one of the dominant stocks in my portfolio. It has become a 10-bagger and now represents over 12% of my total assets. From now on, I expect Nvidia to do the heavy lifting, and I don’t need to add any more capital to a stock that already makes up a large portion of my portfolio.

For investors looking for another stock with significant potential, I recommend taking a look at Palantir Technologies (NYSE:PLTR). I’ve owned the stock for a while, but earlier this week I more than doubled my position in this AI pioneer. Here’s why.

AI before AI goes viral

Investors may not know that Palantir has a long history of developing AI, long before the technology went viral last year. The company was founded more than 20 years ago with the idea that AI could help the U.S. intelligence community and our allies better use existing data.

Intelligence agencies had reams of data but had no way of extracting the most useful and important information from it. Palantir has developed sophisticated algorithms and data mining solutions capable of following the trails left by aspiring terrorists and piecing together details to form a picture that might otherwise go unnoticed.

Palantir serves a broad range of the U.S. intelligence and law enforcement communities, including the Federal Bureau of Investigation (FBI), the Central Intelligence Agency (CIA), the Department of Homeland Security (DHS), and the National Security Agency ( NSA), but this is only the beginning. He also works with the Centers for Disease Control and Prevention (CDC), various branches of the U.S. military, the National Center for Missing and Exploited Children, and many others.

Once Palantir established itself with government agencies, it shifted its focus to businesses because its data mining and AI solutions were equally useful to businesses. This broad customer base and extensive experience give Palantir an AI pedigree that is difficult to match.

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Ready to strike

Palantir’s extensive experience in the field allowed it to pounce when advances in generative AI burst onto the scene last year. The company was already…