Jim Cramer Says He Still Likes Palantir Very Much

Palantir Technologies Inc. (NASDAQ:PLTR) is one of the stocks Jim Cramer discussed along with macroeconomic conditions. Cramer mentioned the company and said:

“We asked who will be the initial group of AI software winners? In retrospect, maybe that question should have been, will there be any AI software winners? With the exception of Palantir, which I still like very much, the breakdown in the enterprise software stocks this year has just been nothing short of brutal.”

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. Cramer mentioned the stock during the December 10 episode and said:

“Now, there’s a way to speculate responsibly. You buy stocks of companies with real earnings, real revenues that can get a much higher price-to-earnings multiple expansion on that news flow. It’s not the perfect way, but it’s a way… Palantir continued to surge higher as it won tons of contracts, both from the private sector and the federal government. It went up $6 today to $188.… Neither stock is done going higher. These kinds of stocks with the ability to turn into high-powered, high-earning stories could absolutely last through the end of the year of magical investing because their sales and earnings are still growing like weeds.”

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.