Palantir’s (NASDAQ: PLTR) stock price has experienced an impressive run over the past year, driven by its increasing role in the artificial intelligence (AI) sector. Indeed, PLTR shares have surged more than 406% over the past 12 months, trading at $142 as of press time.
Although the rally has raised questions, particularly around valuation, investors who missed out on Palantir still have opportunities to tap into its competitors, especially given its strong fundamentals. To this end, Finbold has identified two notable PLTR rivals to consider now:
Snowflake (NYSE: SNOW)
In recent months, Snowflake (NYSE: SNOW) has cemented its position as a key player in cloud-based data warehousing and analytics. The company helps businesses manage and analyze vast datasets across multiple cloud providers, with expanding support for AI-driven solutions.
In fiscal Q1 2026, revenue grew 26% year-over-year to $1.04 billion, beating the $1.01 billion consensus estimate and crossing $1 billion in quarterly sales for the first time since its 2020 IPO. Adjusted EPS came in at $0.24, ahead of expectations, although the net loss widened to $430 million from $317 million a year earlier.
Snowflake’s growth is being driven by its push into generative AI, integrating Cortex AI tools that enable customers to build apps, deploy AI agents, and customize models without relying on expensive GPUs.
At the same time, the company’s AI adoption is accelerating, with more than 5,200 of its 11,500 customers now using its AI tools on a weekly basis, representing a 30% quarter-over-quarter increase.
With significant untapped AI potential and projected earnings growth of at least 40% this year, Snowflake appears well-positioned for further upside. As of press time, SNOW traded at $210.84, up over 33% year-to-date.
C3.ai (NYSE: AI)
C3.ai (NYSE: AI) has carved out a niche as a leader in enterprise AI applications and remains a notable alternative to Palantir. The company offers a cloud-based, low-code platform that allows businesses to build, deploy, and manage custom AI tools up to 25 times faster than traditional methods.
However, the stock has struggled in 2025, trading at $26.29, down nearly 25% year-to-date.
The case for a rebound lies in C3.ai’s strong customer base. Its technology is used by major corporations, such as ExxonMobil, to improve efficiency and optimize operations.
Like Palantir, C3.ai also has a significant presence in the public sector, with U.S. government contracts accounting for about 20% of bookings last year. It’s PANDA platform, for instance, powers predictive maintenance for the U.S. Air Force under a contract worth up to $450 million through 2029.
Growth is also being fueled by partnerships with Microsoft Azure, Amazon Web Services, and Google Cloud, which broaden its reach and accessibility.
Financially, C3.ai’s fiscal 2025 revenue rose 25% to $389 million, and management expects another 15–25% growth in fiscal 2026, targeting up to $484.5 million.
Featured image via Shutterstock
