Palantir (PLTR)'s Shares Are Tempting Me, Says Jim Cramer

We recently published Jim Cramer Talked About These 14 Stocks & Discussed AI And Layoffs. Palantir Technologies Inc. (NASDAQ:PLTR) is one of the stocks Jim Cramer recently discussed.

Palantir Technologies Inc. (NASDAQ:PLTR) was in the news this week after NVIDIA CEO Jensen Huang mentioned the firm during his GTC Washington keynote. NVIDIA announced a partnership with Palantir Technologies Inc. (NASDAQ:PLTR) through which the firms will use NVIDIA’s GPUs for Palantir’s Ontology platform. The technology stack resulting from the deal aims to target “operational AI” by delivering analytics, workflows, and other services. Palantir Technologies Inc. (NASDAQ:PLTR)’s shares have gained 161% year-to-date and are close to the $200 mark. Cramer has been repeatedly bullish on the firm throughout the year and has been joyous about predicting that the stock would cross the $100 and $150 levels before it did. Naturally, he discussed Palantir Technologies Inc. (NASDAQ:PLTR)’s share price again in this appearance:

“Who did the best yesterday that didn’t get the credit? Palantir. And here we go. My fifty, my 150 go to 200 price target, I’m tempted, I’m tempted. . I even think they’re starting to like me but they would never admit that. That would be too hard for them.”

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.