Sandisk (NASDAQ: SNDK) and Palantir (NASDAQ: PLTR) are two of the most popular artificial intelligence (AI) investments on the market, but both have displayed some weakness lately.
Sandisk is down around 25% from its all-time highs established just a few weeks ago, while Palantir has slowly declined from its highs set last October
It’s down around 35%. These two may both be popular, but I think only one is worth buying right now. Both businesses are booming Sandisk and Palantir aren’t competitors in any way; they have two completely different businesses.
Sandisk manufactures NAND memory, which is best used in scenarios that require long-term data storage. Data centers have an immense need for massive storage, which is eating up a lot of NAND production capacity to produce solid-state drives (SSDs). Lack of supply and elevated demand equate to soaring commodity prices, and that’s the mechanism that has helped Sandisk’s revenue and profits soar over the past few months.