Analysts Predict CrowdStrike, Palantir, and Monday.com to Outshine Nvidia in 2024
Despite Nvidia's stellar performance in 2023, these three companies are poised for significant growth due to increasing demand for cybersecurity, AI productivity gains, and successful software-as-a-service models.
- Nvidia, a leading producer of high-powered semiconductors, recorded a total return of 239% in 2023, making it the best-performing stock in the Nasdaq 100.
- Despite Nvidia's success, analysts predict that CrowdStrike Holdings, Palantir, and Monday.com could outshine it in 2024.
- CrowdStrike, an AI-powered cybersecurity services provider, saw shares rally 137% in 2023 due to increasing demand for cybersecurity following a surge in notable cyberattacks.
- Palantir, known for helping U.S. intelligence officials find Osama bin Laden, has expanded into the commercial space with its artificial intelligence platform (AIP), which has shown significant productivity gains.
- Monday.com, a provider of software-as-a-service for employee collaboration and project management, has seen its annual revenue more than double over the past several years and turned GAAP positive in Q3 of 2023.
