Prediction: 2 Artificial Intelligence (AI) Stocks Will Surpass Palantir Technologies in Value by 2030

AI investment landscape shifts as emerging players challenge established giants—forget what you knew about market dominance.

The New Contenders

While Palantir grabs headlines with government contracts and flashy presentations, two under-the-radar AI stocks are building actual scalable technology that doesn't require six-figure consulting fees to implement. They're solving real business problems rather than just selling dashboards to bureaucrats.

Market Dynamics Shift

Traditional valuation metrics get tossed out the window when companies actually monetize AI instead of just mentioning it in earnings calls. These two players focus on revenue-generating applications rather than PowerPoint predictions—because in the end, revenue tends to matter more than hype cycles.

Investment Reality Check

Let's be honest—most AI investments have delivered more promises than profits. But these two? They're quietly building the infrastructure that actually works, not just the slides that sell. Because nothing says 'sustainable business model' like customers who voluntarily pay for your product.

Image source: Getty Images.

1. Shopify

Shopify reported excellent financial results in the second quarter, beating estimates on the top and bottom lines. Revenue increased 31% to $2.6 billion as growth accelerated across North American, Europe, and Asia-Pacific. Non-GAAP net income increased 35% to $0.35 per diluted share.

The investment thesis for Shopify centers on its leadership in e-commerce software. Its platform helps merchants manage their businesses across physical and digital storefronts from a single dashboard. The company also provides adjacent solutions for payments, advertising, logistics, and cross-border commerce.

Shopify is focused on several strategic growth areas, including business-to-business (B2B) commerce, a category that is three times bigger than business-to-consumer (B2C) commerce and growing just as quickly.last year recognized Shopify as a leader in B2B commerce solutions, validating its push into the market. The company said B2B sales increased 101% in the second quarter.

Shopify is leaning into demand for artificial intelligence (AI). Shopify Magic is a suite of AI features that help merchants automate tasks like writing product descriptions, generating marketing content, and providing customer support. Additionally, the company earlier this year introduced an AI tool that builds entire online storefronts from a few keywords.

Wall Street expects Shopify's earnings to increase at 34% annually during the next three to five years. That makes the current valuation of 81 times earnings look somewhat expensive. But if Shopify meets the consensus estimate, its price-to-earnings multiple could fall to 38 while its market value increased 100% to $378 billion by mid-2030. That means Shopify can surpass Palantir's current market value within five years.

2. Uber Technologies

Uber reported encouraging financial results in the second quarter. beating the consensus estimate on the top line and matching the consensus estimate on the bottom line. Revenue increased 18% to $12.7 billion, an acceleration from 14% growth in the previous quarter, because of strength in the mobility and delivery segments. GAAP net income increased 34% to $0.63 per diluted share.

Uber may not be top of mind when investors think about artificial intelligence stocks, but the company uses AI to set prices, match drivers and riders, and optimize routes. Moreover, its position as the largest on-demand mobility and delivery platform in the world makes it an ideal partner for autonomous driving companies that want to commercialize robotaxi services.

Uber has partnered with 20 autonomous driving companies, including's Waymo,, and. Robotaxis are already available on its platform in four markets: Atlanta, Austin, and Phoenix in the United States; and Abu Dhabi in the United Arab Emirates. Uber expects about five more deployments in 2025, with more to follow in 2026.

Additionally, Uber in some cases is helping partner companies develop autonomous driving technology. "An underappreciated aspect of our strategy is just how central we are to the real-world AI revolution," said CEO Dara Khosrowshahi in prepared remarks. "The advanced AI systems that perceive, predict, and make split-second decisions on the road need enormous amounts of data, and Uber has the most relevant mobility ride-hail dataset in the world."

Wall Street expects Uber's earnings to increase at 22% annually over the next three to five years. That makes the current valuation of 16 times earnings look relatively cheap. And if Uber meets that consensus, its price-to-earnings ratio could fall to 12 while its market value increased 105% to $387 billion by mid-2030. That means Uber can surpass Palantir's current market value within five years.