Only one company can surpass Nvidia in revenue growth over 5 years. Who to bet on?
Analysts have compiled the top 5 companies whose sales will grow the most by 2029
Palantir will surpass Nvidia in revenue growth, but their sales volumes are not comparable / Photo: rblfmr / Shutterstock.com
Defense artificial intelligence developer Palantir could increase its revenue by 731% over the five-year period from 2024 to 2029, Investor's Business Daily calculated based on data from S&P Global Market Intelligence and MarketSurge. This is the only result in the ranking that is better than the current AI GPU market leader, Nvidia. In addition to them, three other companies made the list.
Details
Analysts forecast Palantir 's sales to reach $23.2 billion by 2029, according to Investor's Business Daily. This is 730.7% more than the company received in 2024. By comparison, Nvidia is expected to grow 365.3%, which equates to $601.6 billion in revenue.
The top 5 leaders in terms of sales growth rates in the S&P 500 are also chip manufacturers Broadcom and AMD, as well as the AI infrastructure provider Oracle. According to IBD calculations, they are expected to increase their sales by 347.5%, 299.7% and 271.4% respectively by 2029. All five companies are related to artificial intelligence, the publication noted.
"Nvidia's [Nvidia CEO] Jensen Huang's keynote just concluded, featuring the 'godfather of AI' speaking at length about AI infrastructure, quantum computing, telecom and physical AI, which only confirmed Nvidia's leadership at the top of the AI demand curve in 2026 and beyond," Investor's Business Daily quoted Wedbush analyst Dan Ives as saying. Huang spoke at Nvidia's GTC developer conference on Monday, March 16.
What analysts recommend
Analysts believe Palantir's growth potential is virtually unlimited, writes Investor's Business Daily. The company sells solutions and services that help businesses and governments manage huge amounts of data. In addition, it has a strong position under the current White House administration, the publication emphasizes.
Analysts expect Palantir shares to grow in the shorter term as well. According to their forecasts, the securities could add almost 22% in the next 12 months. This would look like a recovery after a decline of about 14% since the beginning of the year, emphasizes Investor's Business Daily. Right now, according to MarketWatch, Palantir securities are advised to buy by 20 analysts - out of 31 total. Another nine recommend keeping them in the portfolio, while two think the securities are better to sell.
This article was AI-translated and verified by a human editor
