Palantir Technologies Inc. (PLTR): They Are Helping Everything From The Pentagon To Consumer Firms, Says Jim Cramer

We recently published 11 Fresh Stocks Jim Cramer Talked About While Discussing AI-Led “American Renaissance”. Palantir Technologies Inc. (NASDAQ:PLTR) is one of the stocks Jim Cramer recently discussed.

Palantir Technologies Inc. (NASDAQ:PLTR) is a data analytics firm that is one of the hottest stocks in its industry. The firm’s shares have gained a whopping 99% year-to-date as it has benefited from robust earnings performance and its potential to help the US government reduce costs under the Trump administration. Cramer’s previous comments about Palantir Technologies Inc. (NASDAQ:PLTR) have stressed that he has been one of the firm’s biggest bulls by predicting that the stock would cross $100 well in advance. His recent remarks reasserted the optimism for Palantir Technologies Inc. (NASDAQ:PLTR):

“I love what they do. Because I think that they are helping everything from consumer product companies to financials to trying to get the Pentagon to do the right thing. Good piece in New Yorker by Dexter Filkins about drones and I’m thinking more about that’s Palantir. I just think that, and the other guys at Palantir are all delightful. But you know, Karp has to be Karp. Look, you can be who you want.”

Earlier, Cramer discussed how he has been one of Palantir Technologies Inc. (NASDAQ:PLTR)’s biggest bulls:

“Okay, Palantir. When it was at $50, I said it was going to $100. When it got to $100, I said it’s going to $200. So, in that sense, the momentum is still with you, and it is not too late. Now, does it deserve that? These guys talk a big game. It’s a meme stock, okay. Like Robinhood, it’s a meme stock. The memesters won’t let the stock come in. It’s not a good reason to buy, but I’m telling you where it’s going.”

While we acknowledge the potential of PLTR as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.