Jim Cramer Says "I Think Palantir Is Going Higher"

Palantir Technologies Inc. (NASDAQ:PLTR) is one of the stocks Jim Cramer shed light on. When a caller asked about the stock, Cramer commented:

“Alright, I don’t want you to sell Palantir. Palantir is a great… high-quality name. Alex Karp is a bit of a wild man. I don’t mind that. I think that they’re doing incredible work. Now, I know there was an article in the Washington Post today about them working with ICE. You have to keep your politics out if you want to make a lot of money. Not that I’m like crazy about… some of the things they do and they don’t. But if you’re asking me whether I think the stock’s going higher, which is what I think you are… I think Palantir is going higher.”

Palantir Technologies Inc. (NASDAQ:PLTR) develops data analytics and AI software platforms, including Gotham, Foundry, Apollo, and Palantir Artificial Intelligence Platform, that help organizations integrate, analyze, and act on complex data. A caller asked for Cramer’s advice on the stock during the November 21 episode, and he replied:

“Alright, I’m a buyer of Palantir. I know it’s come off, but it’s a wild trader. This is Alex Karp. He’s not a close friend of mine, but I think he knows what he’s doing.”

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.

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.