Jim Cramer on Palantir Technologies Inc. (PLTR): "Ridiculously Expensive Stock"

We recently published a list of Jim Cramer’s Thoughts on These 12 Stocks. 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.

During the episode, Cramer discussed Palantir Technologies Inc. (NASDAQ:PLTR) as one of the risky stocks he would recommend for a baby who has $1000.

“When you give money to a baby, what you’re really doing is investing in long-dated assets that can compound over time. Truly amounts to something by the time the kid turns, I don’t know, even 18. So what should the baby do with her money? Well, I just have a plan. We need this baby to take risk, but we also need her to be diversified. I know that the prevailing money management orthodoxy is to go all in on index funds because the experts don’t believe you’re smart enough to handle your own money. But the truth is that in this case, you can… split the baby’s account.

You want to put $500 in the Nasdaq 100 to get diversified exposure, and this one does skew toward tech, I don’t mind that, and then you want to pick five stocks for the other 500. I prefer the first one to be risky. You could take a Palantir, ridiculously expensive stock, consulting company uses AI to conquer organizations, show them how to become more efficient.”

Palantir (NASDAQ:PLTR) develops software platforms that help organizations analyze complex data, support decision-making, and execute operations, with tools designed for intelligence, enterprise data integration, and AI-powered workflows.

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