Prediction: Jensen Huang Says Agentic AI Is a Multitrillion-Dollar Market. This Palantir Rival Could Be the Biggest Winner -- at Just One-Third the Price

It's no secret that investors have gone bananas for artificial intelligence (AI) stocks over the past few years. What's a little peculiar, though, is how concentrated the AI trade has become -- dominated by the "Magnificent Seven" and a handful of high-profile outliers, one of the most widely discussed being data mining specialist Palantir Technologies (NASDAQ: PLTR).Palantir isn't alone. One of its closest rivals in enterprise software is Databricks, a data warehouse platform that just found its name in the headlines. Earlier this week, Databricks announced a fresh funding round that valued the company at over $100 billion. For context, Palantir's market cap sits around $340 billion -- making it more than 3 times the size of Databricks.So, what's Databricks planning to do with its war chest of new capital? According to management, the company will be using the funding to "accelerate its AI strategy" -- spearheaded by the launch of Agent Bricks, a new product aimed at the emerging opportunity of agentic AI. This could prove to be a masterstroke, as Nvidia's Jensen Huang believes AI agents could swell into a multitrillion-dollar market, making this a strategically timed play by Databricks.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool