Palantir Just Exposed Nvidia's Biggest Weakness, Which Should Be on Full Display on Nov. 19 The sky-high addressable opportunity presented by artificial intelligence (AI) has sent shares of Palantir Technologies and Nvidia soaring by 2,870% and 1,260%, respectively, since 2023 began.

Dr. Michael Burry, the brilliant investor and trader who bet against the housing market before the Great Financial Crisis market meltdown, recently disclosed his new positions, which include massive bets against notable AI high-flyers Nvidia (NASDAQ:NVDA) and Palantir (NASDAQ:PLTR).

The two companies he’s shorting are the ones making all the money, which is super weird,” Alex Karp told CNBC’s “Squawk Box” on Tuesday.

Nvidia is the most valuable company in the world, and it's not cheap. It trades at a P/E ratio of 53 and a price-to-sales ratio of 28. Nvidia bulls will point to its ever-expanding opportunity and central role in all of AI, making it worth the premium valuation.

The next wave of tech wealth may come from a group of lesser-known names in technology and defense, many of which are using artificial intelligence to drive growth.

As Wall Street debates whether the US stock market is experiencing an artificial intelligence (AI) bubble or an AI boom, Tidal Financial Group Yieldmax strategist Michael Khouw says the AI trade has legs.

Meanwhile, Veteran analyst Stephen Guilfoyle credits Palantir’s growth to strong fundamentals, noting, “Sales are running wild as are margins. The commercial business is exploding. Cash flows are not just robust; they are enormous. The balance sheet is simply the greatest balance sheet I can remember seeing. The CEO is focused and aggressive.”

Yoshinobu Yamamoto, who pitched six innings in Los Angeles's Game 6 win on Friday night, entered Game 7 with one out in the bottom of the ninth and then worked 2 2/3 scoreless innings to lead the Dodgers to their dramatic victory. He was named the World Series MVP for his heroic efforts, which also included a complete game gem in Game 2.