Key takeaways
- Palantir and Snowflake continue to deliver impressive growth, but soaring AI expectations and renewed market volatility are putting their valuations under scrutiny.
- In the second quarter of fiscal 2027, revenue increased 35% to $1.55 billion, while product revenue climbed 37%.
- Palantir trades at 103 times forward earnings, while Snowflake commands an even higher multiple of 131 times.
Despite strong revenue growth, Snowflake has yet to achieve consistent profitability. Palantir's latest quarterly revenue surged 96%, reinforcing its exceptional growth and established profitability.
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