AMD and Uber projected to surpass Palantir's valuation

Shares of Palantir Technologies have seen significant growth, rising by 255% in the last year. The company now has a market value of around $200 billion. However, some analysts believe that Advanced Micro Devices (AMD) and Uber Technologies could surpass Palantir's market cap by early 2026. Analyst Jim Kelleher at Argus Research predicts a price target of $160 per share for AMD, which would give it a market cap of $260 billion. This reflects a potential growth of 52% from its current price of about $105. Similarly, Mark Mahaney at Evercore forecasts a target of $115 per share for Uber, implying a market cap of $240 billion and a 55% increase from its current price of $74. AMD is known for designing chips used in data centers, laptops, game consoles, and more. The company has been gaining ground in central processing units (CPUs) while competing against Intel. However, it has struggled to catch up with Nvidia in graphics processing units (GPUs). Despite a strong overall revenue growth of 24% to $7.6 billion, AMD's recent data center sales were below expectations. CEO Lisa Su expressed optimism about the future, predicting significant growth in AI-related sales. Uber is a leading player in mobility and food delivery, operating the largest ride-sharing service and the second-largest delivery service in the U.S. The company’s revenue grew by 20% to $12 billion, showing strong performance in both sectors. Uber's CEO noted that autonomous vehicle technology holds great potential, positioning the company well due to its scale and operational efficiency. Both AMD and Uber show potential for significant future growth, and analysts suggest that now could be a good time for investors to buy shares in these companies.