Jim Cramer Says It's "Heck of A Lot Easier to Justify Buying" Stocks Like Palantir

Palantir Technologies Inc. (NASDAQ:PLTR) is one of the stocks that Jim Cramer weighed in on. Cramer noted that it is easier to justify buying the stock than many others. He commented:

“Now, you know that acronym that came up with PARC, Palantir, AppLovin, Robinhood, and Coinbase, that’s been spot on. Even as I’m not encouraging anyone to buy any of them, I’m simply pointing out that they’re straight-up stocks, especially Palantir, which had a bad outing yesterday, but was right back today, flying $5 and 50 cents to about a point below its high.

Once again, these parabolic moves feel justified because all four have explosive earning streams. In that sense, it’s a heck of a lot easier to justify buying PARC than so many of the other stocks like a Joby or an Oklo.”

Palantir (NASDAQ:PLTR) develops software platforms that help organizations analyze complex data and make operational decisions. The company’s products support counterterrorism, enterprise data integration, AI deployment, and real-time software delivery across various environments.

While we acknowledge the potential of PLTR as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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