Duquesne Family Office's chief is cashing in his chips on two leading artificial intelligence (AI) stocks in favor of a drugmaker whose shares are up by 112% for the year.

Palantir is a “rare cult with no sex and very little drugs and we’re not poisoning anyone,” quipped its billionaire CEO in a recent sitdown.

As you can see, the company's price-to-sales ratio has nearly quadrupled over the last year. The P/S ratio isn't a perfect measure of valuation, but 67.5 is off-the-charts high. A P/S of 20 is typically considered expensive, even in an industry like software where stocks tend to earn high valuations.

With its stock up 2,500% in the past five years, it's perhaps not surprising that investors are looking for the next Nvidia (NASDAQ: NVDA). The company has been the biggest winner from the artificial intelligence (AI) boom and as a result has become one of the largest companies in the world.

Palantir Technologies stock (NASDAQ: PLTR) remains up by over 4x since the beginning of the year, trading at about $74 per share.

Palantir Technologies (NASDAQ: PLTR) stock was in red-hot form in 2024 as investors showed increasing interest in this software platforms specialist thanks to strong demand for the company's artificial intelligence (AI)-focused offerings,

With the advent of artificial intelligence (AI), shares of Palantir Technologies Inc. PLTR and NVIDIA Corporation NVDA have witnessed parabolic gains, making them popular investments on Wall Street.

Palantir's stock has surged without any selling pauses, raising concerns about a potential sharp pullback. Explore more details here.

Artificial intelligence could create trillions of dollars in annual economic value. The market leaders in key AI sub-markets could drive long-term market-beating returns.

The promises of artificial intelligence and the rally in crypto prices were the main drivers of the best-performing tech stocks of 2024.

The Federal Reserve's monetary policy has consistently played a pivotal role in shaping the stock market, particularly for the technology sector. As interest ra

Retail traders sent almost $30 billion into Nvidia shares this year on balance, according to Vanda Research. It's the latest honor for the megacap tech stock, which has shown leadership within artificial intelligence that has dazzled both Wall Street and Main Street.