Jim Cramer Says "Palantir (PLTR)'s a Little Too Speculative For Me"

We recently published a list of Jim Cramer Had These 21 Stocks on His Radar. In this article, we are going to take a look at where Palantir Technologies Inc. (NASDAQ:PLTR) stands against other stocks that Jim Cramer discusses.

When a caller asked Cramer about Palantir Technologies Inc. (NASDAQ:PLTR), he stated:

“Palantir’s just plain out expensive, but there you can use a rule that tells you about growth versus margins. And it turns out to be much less expensive than a lot of other companies because the growth is very good and the margins are high… Although Palantir’s a little too speculative for me.”

Palantir (NASDAQ:PLTR) develops software that helps organizations analyze and interpret large data sets to support key decisions, using platforms such as Gotham, Foundry, Apollo, and its AI system. Early May, discussing the company, Cramer stated:

“The ultimate meme stock for the moment is this company called Palantir, which reports. It’s a cybersecurity company. Now this one’s moved up by persistent retail buying that starts around 4:00 AM every day when they literally walk it up a couple of points before the bell and then continue to keep it at that level until the close.

It’s possible the story’s not as big as the hype or the hope, but we know that Palantir’s got a constituency of retail buyers that just won’t quit. I don’t know if they’ll quit when they see the number.”

Overall, PLTR ranks 7th on our list of stocks that Jim Cramer discusses. While we acknowledge the potential of PLTR as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than PLTR and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

Disclosure: None. This article is originally published at Insider Monkey.