Palantir (PLTR) has been one of the most talked about AI names on Wall Street, and much of its momentum comes down to Nvidia (NVDA). The two companies don’t do the same thing, but their stories are linked. Nvidia makes the chips that power AI, and Palantir builds the software that puts those chips to work. If demand for Nvidia keeps climbing, Palantir may be one of the biggest secondhand winners.
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Nvidia Keeps Selling Out
Nvidia’s latest earnings proved once again that its AI chips are still the hottest product in technology. Revenue surged to record highs as cloud providers and enterprises rushed to secure supply. Even with export restrictions and uncertainty in China, Nvidia is selling everything it can produce.
This is important for Palantir because the company’s software depends on the kind of heavy computing power Nvidia delivers. When companies build new AI data centers full of Nvidia chips, they need platforms that can run the models, manage the data, and apply AI to real-world tasks. Palantir’s Foundry and AIP platforms are designed to do just that.
So every time Nvidia ramps output, it expands the pool of customers who could end up using Palantir’s software. That’s why traders often see Palantir as a levered bet on the AI boom Nvidia leads.
Palantir Turns Chips into Usable Outcomes
Nvidia’s GPUs are the raw horsepower, but Palantir’s pitch is that it turns that horsepower into usable outcomes. Its government and commercial clients don’t just want racks of servers. They want insight into supply chains, defense readiness, or sales forecasts. Palantir makes that leap possible.
The more Nvidia sells, the more Palantir can position itself as the next step in the value chain. Investors who missed Nvidia’s early run are looking for the “picks-and-shovels” play on top of the hardware. Palantir fits that role. Its AIP product has been rapidly adopted because it makes complex AI workflows accessible without armies of data scientists.
That’s why Nvidia’s growth isn’t just good news for chip investors. It creates a tailwind for Palantir too, reinforcing the narrative that the company will be a lasting name in applied AI.
Investors Connect the Dots
Wall Street has noticed the connection. Analysts now talk about Nvidia and Palantir in the same breath. Nvidia’s strong results tend to spark sympathy rallies in Palantir, even though the companies don’t report earnings on the same day. The logic is that if AI demand is strong enough to push Nvidia higher, it should flow downstream to Palantir as well.
This dynamic has already played out multiple times in 2025. Palantir stock often trades with Nvidia’s, rising when demand looks robust and stumbling when concerns about chip supply or export rules flare up. The market may not always be efficient, but traders see the two names as part of the same AI ecosystem.
Investors can compare both stocks based on analyst ratings and various financial metrics on the TipRanks Stocks Comparison Tool. Click on the image below to explore the tool.
