Vandita Jadeja
Mon, August 3, 2026 astatine 10:30 AM CDT 4 min read
Quick Read
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Palantir grew gross 85% with a P/E adjacent 174, but Snowflake's 790 Global 2000 customers and expanding margins marque it the much defensible buy.
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Karp ranked Palantir alongside NVIDIA and Micron arsenic 1 of 3 companies to surpass a 145% Rule of 40 score.
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Act now: the expert who called NVIDIA successful 2010 conscionable named his apical 10 AI stocks — and Snowflake didn't marque the cut. Grab the names FREE today.
Palantir (NASDAQ: PLTR) and Snowflake (NYSE: SNOW) some posted quarters that reenforce their assertion connected the endeavor AI stack. Palantir reported Q1 2026 connected May 4, 2026, increasing gross 84.7% year-over-year. Snowflake followed connected May 27, 2026 with 33.5% growth.
AIP Runs Hot. Cortex Hits an Inflection.
Palantir's 4th was carried by a U.S. commercialized publication that grew 133% YoY to $595 million, with U.S. authorities gross climbing 84% to $687 million. AIP, the Artificial Intelligence Platform, keeps pulling Fortune 500 buyers into multi-year contracts.
CEO Alex Karp framed the infinitesimal bluntly: "Palantir's Rule of 40 people has soared to 145%. We person shattered the metric, a feat matched lone by different chap AI infrastructure companies: NVIDIA, Micron and SK hynix." Deal velocity backs the tone: 206 deals ≥$1M closed successful the quarter.
Snowflake's communicative is quieter but arguably much foundational. Product gross reached $1.33 billion, with nett gross retention astatine 126% and RPO astatine $9.21 billion, up 38% YoY.
Cortex Code sits wrong 7,100+ accounts, and Snowflake Intelligence accounts much than doubled sequentially. CEO Sridhar Ramaswamy called it "the strongest sequential dollar maturation successful our history."
| Business Driver | Palantir | Snowflake |
| Main Growth Engine | AIP for U.S. commercialized + defence | Cortex + Agentic information level |
| Customer Model | Large endeavor + authorities contracts | Consumption-based crossed Global 2000 |
| Q1 Operating Margin (GAAP) | 46% | Operating nonaccomplishment of $326M |
One Prints Cash. One Is Buying the Future.
Palantir is already GAAP-profitable, generating $925 cardinal successful escaped currency travel and raising FY2026 gross guidance to $7.65 to $7.66 billion.
Act now: the expert who called NVIDIA successful 2010 conscionable named his apical 10 AI stocks — and Snowflake didn't marque the cut. Grab the names FREE today.
Snowflake is spending aggressively to widen the moat: a $6 cardinal multi-year AWS agreement, a deepened OpenAI partnership, and acquisitions of Natoma, Observe, and TensorStax. That superior deployment shows up arsenic dense stock-based compensation and continued GAAP losses, but non-GAAP operating borderline guidance moved to 13.5%.

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