Jim Cramer Reveals Major Palantir Technologies Inc. (PLTR) Rival

We recently published 11 Stocks Jim Cramer Discussed As He Said Apple’s CEO Is A “Pawn”. Palantir Technologies Inc. (NASDAQ:PLTR) is one of the stocks Jim Cramer recently discussed.

Palantir Technologies Inc. (NASDAQ:PLTR)’s shares have been on a tear in 2025 after having gained 102% year-to-date despite a 16% dip in August. The firm has benefited from strong earnings reports and investor hopes about its ability to benefit from the Trump administration’s cost-cutting drives. However, in this appearance, Cramer noted that Palantir Technologies Inc. (NASDAQ:PLTR) might have a rival in the form of Salesforce:

“And then, on the call, maybe an act of desperation, on the Salesforce call, they attacked Veeva, saying that, well we’re crushing Veeva, and then Marc, he did the unthinkable, oh my god, he said, he beat Palantir out of a contract. Stop trading. Holy cow. Alex Karp, don’t take your gun out and shoot me, I’m under the table! [hides under his table] Alex Karp, but it is absolutely true, he did say we beat, he said boy Palantir’s expensive. Wow. He broke the mystique. The mystique is done.”

Cramer commented on Palantir Technologies Inc. (NASDAQ:PLTR) after a short seller report from Citron. Here is. what he said:

“[On a Citron piece] 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.”

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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.