Palantir Technologies Inc. (PLTR)'s New Name Is "Karpe Diem,' Says Jim Cramer

We recently published Jim Cramer Said AI Is A “Souped-Up Google” As He Discussed These 11 Stocks. Palantir Technologies Inc. (NASDAQ:PLTR) is one of the stocks Jim Cramer recently discussed.

Data analytics firm Palantir Technologies Inc. (NASDAQ:PLTR)’s shares are among the top performers of the year due to their 108% gains. Cramer has discussed the firm several times this year, and in nearly every appearance, he has praised the firm’s CEO, Alex Karp. The CNBC TV host has also boasted that he was the first to predict that Palantir Technologies Inc. (NASDAQ:PLTR)’s shares would cross the $100 mark. With the stock now at $156, he has now renamed it in honor of its CEO:

“NVIDIA’s coming down from where it started. But there is a stock that is just on, that I call, Karpe Diem, seize the day! Palantir. That stock was up two earlier. That too was coming in. But it’s Karpe Diem from now on, I’m changing the name. . .Yeah, because of Alex Karp. Seize the higher price.”

Here are his previous comments about Palantir Technologies Inc. (NASDAQ:PLTR):

“[On a Citron piece saying PLTR was overvalued] David, Palantir? You want to get in the way of that juggernaut? The only people who short that . . .and they don’t even know. One guy called me and he goes, listen man, I’m shorting this stock, I don’t know if you know it. Plantir! Plantir!

“And yet we all know people who work at Palantir and they are geniuses. . . they are hardworking. And, you know they believe in ontology, it’s an ontological place. I’m not an ontologist myself, but I do think that having read and studied Alex Karp, I don’t want to take the other side of the trade. I think the guy is a serious competitor.”

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.