An investor famous for betting against the housing market before it collapsed now has his sights on companies at the forefront of the AI boom.

Billionaire Stanley Druckenmiller Dropped Nvidia and Palantir Stock and Is Piling into 2 Stocks Set to Win in One of the Decade's Hottest Growth Markets. It's a great idea to watch the latest moves of this expert investor.

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.”

Nvidia and Palantir Tech on Tuesday announced a deal in which Palantir will tap Nvidia's chips and software to help its customers speed up decision making in complex fields such as logistics.

Palantir stock sold off after earnings despite solid results, while comments from bank CEOs have raised concerns about a more severe pullback.

Dow Jones futures, along with S&P 500 futures and Nasdaq 100 futures, traded lower ahead of Tuesday's open, after the stock market ended sharply mixed Monday.Meanwhile, AmazonAMZN, BroadcomAVGO, NvidiaNVDA,

Palantir Technologies (NASDAQ:PLTR) is one of the best stocks to invest in, according to billionaire D.E. Shaw. On October 28, Nvidia and Palantir Technologies (NASDAQ:PLTR) announced a partnership aimed at improving decision-making in logistics and other complex operations.

In the past year, Nvidia stock has advanced 45%, bringing its market value to $5 trillion. More impressive, Palantir Technologies stock has advanced 335%, bringing its market value to $465 billion. That means the companies, in aggregate, are worth about $5.4 trillion.