These 2 AI Cloud Stocks Have Outperformed Nvidia and Palantir This Year, and Microsoft Is Throwing Billions at Them. Are They Buys?

Nvidia and Palantir Technologies have been the undeniable stars of the artificial intelligence (AI) boom thus far. Since the beginning of 2023, Nvidia is up 1,050%, while Palantir has jumped 2,360%, and was even higher before a recent pullback. Both stocks have also performed well this year. Nvidia is up 24%, while Palantir has gained 108%.But there are a pair of lesser-known AI stocks that recently went public and have outperformed both those companies this year. They are CoreWeave (NASDAQ: CRWV) and Nebius (NASDAQ: NBIS), two AI cloud infrastructure companies that have soared since their debuts. CoreWeave has jumped 144% from its IPO in late March.Meanwhile, Nebius is up 377% since it resumed trading last October, evolving from the Russian tech company Yandex after that company sold off its Russian assets. Yandex was delisted from the Nasdaq in 2022, following Russia's invasion of Ukraine. The disposal of Russian assets allowed it to rejoin the Nasdaq.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool