Palantir stock could remain under pressure owing to its valuation, opening an opportunity for this semiconductor giant to overtake it.

Palantir Technologies ( PLTR 4.14% ) has been one of the hottest stocks on the market in the past year. The software specialist has seen a significant surge in the demand for its artificial intelligence (AI) platform, which allows organizations and governments to integrate generative AI tools into their operations and processes.

The robust growth in Palantir's revenue and earnings in recent quarters has led to a 5x jump in the company's stock price in the past year. The generative AI software provider now has a market cap of $385 billion following its recent surge and it is among the top 30 companies in the U.S. by market cap.

However, there is

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