5 Stocks on Jim Cramer’s Radar: Snowflake, Micron, and Palantir

In this article, we will look at 5 Stocks on Jim Cramer’s Radar: Snowflake, Micron, and Palantir. Please visit 18 Stocks on Jim Cramer’s Radar: Strategy, GE Aerospace, and Best Buy, if you’d like to see the extended list and methodology behind it.

5. Palantir Technologies Inc. (NASDAQ:PLTR)

Palantir Technologies Inc. (NASDAQ:PLTR) was one of the stocks on Jim Cramer’s radar on Mad Money as he explained that many investors might be missing out on the market’s biggest winners. When a caller inquired about the stock, Cramer said:

Okay, right now, other companies are shining so brightly that they’re taking away the sheen of Palantir. But maybe something changed today with Snowflake. Palantir is up $10; maybe it’s coming back. I have never, I have not lost faith in my great friend Alex Karp, and I don’t think I will.

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. During the May 15 episode, a caller mentioned that they hold an oversized 15% position in the company’s stock and sought Cramer’s advice on whether they should further trim into strength to rebalance their portfolio or maintain the remaining stake. In response, the Mad Money host commented:

You’re going to let this one run. Now, Palantir is a perfect example of an incredibly good company whose stock got ahead. I, too, got ahead. When it got to $200, I got too bulled up. I had liked it all the way down from 50, but I’m not going away from the company. It just happens to be an expensive stock. But it is an amazing company, and I think you should hold on to the rest. And I always welcome anyone from Palantir to come on, including a first-year associate, since no one else will come from that place.

4. Micron Technology, Inc. (NASDAQ:MU)

Micron Technology, Inc. (NASDAQ:MU) was one of the stocks on Jim Cramer’s radar on Mad Money as he explained that many investors might be missing out on the market’s biggest winners. Cramer discussed the “bubble” concerns around the stock and its peers, as he said:

I think it’s an insult to group this market’s winners in with the dot-coms. Do you really think Micron deserves to die? The chip maker’s on track to earn over $100 per share next year, for heaven’s sake. Unlike the dot-coms, it’s insanely profitable. Same goes for Seagate, Sandisk, or Western Digital… All of these memory and storage companies are just crushing it, making billions for you, for shareholders. But there are many people calling it a bubble, so many that investors don’t want to touch these stocks.

Micron Technology, Inc. (NASDAQ:MU) develops memory and storage solutions, including DRAM, NAND, and SSD products, under the Micron and Crucial brands. During the May 27 episode, Cramer discussed whether the stock could still be bought. He stated:

You want a stunning fact? It took 490 days for NVIDIA stock to go from $500 billion market cap to a trillion. It took 48 days for Micron to make that exact same journey. That’s bonkers… But when you take the story apart, the action of Micron actually makes sense… How do you explain the action? First, you have to understand what Micron really trades on: three factors. One is demand. Here it’s insatiable because Micron makes high-bandwidth memory, exactly the kind of hardware that the data center desperately needs. Two, there’s a huge shortage of high-bandwidth memory chips…

Three, because almost nobody saw this shortage coming, there aren’t enough machines that can manufacture more chips… Still, Micron at a trillion dollars is hard to get your head around because historically, this has been a savagely boom-and-bust industry. The peak for this kind of stock typically comes when new production capacity gets added, bringing the memory chip market back into equilibrium. It hasn’t happened yet because it’ll take a long time to manufacture enough machinery. So we never got the peak… We don’t know when it’s going to come… Can you still buy it here? It depends. If there’s no new machinery coming online to make memory, then yeah, and I don’t see any.

Micron can keep flying, but my discipline tells me I just can’t do it. At this point in the rally, even I have to say I missed it. Sooner or later, I know that new capacity is going to come on. I don’t want to walk headfirst into the buzzsaw, even if it means I miss some upside ahead of time. But others don’t share my discipline; they’ve been right. As I told the investing club, though, I simply don’t think Micron is worth the risk up here… If Micron pulls back hard, it’s another story.

3. Arm Holdings plc (NASDAQ:ARM)

Arm Holdings plc (NASDAQ:ARM) was one of the stocks on Jim Cramer’s radar on Mad Money as he explained that many investors might be missing out on the market’s biggest winners. Cramer believes the stock still has room to grow, as he commented:

Are we too late? I don’t think so. Today was also a good day for Arm, up 10% or $32, a stock we own for the Charitable Trust. Again, one we suggested that you should buy at yesterday’s Investing Club meeting that I beat myself up on, but at least I did a couple things right. What’s moving Arm? I think because Arm will be giving talks with NVIDIA’s Jensen Huang at COMPUTEX, an annual Taiwan tech event, on Monday and Tuesday. Qualcomm will be there too, so will Intel, so will Marvell. Yes, they are all up already, but that doesn’t stop stocks in this particular market. That’s what matters.

Arm Holdings plc (NASDAQ:ARM) designs and licenses CPU architectures, system IP, and software used across automotive, computing, consumer, and IoT applications. Cramer mentioned the stock during the May 27 episode and said:

Same goes for Arm Holdings. The chip design company had been putting up some pretty good numbers. But more important, it announced that rather than just licensing its technology to other chip makers, Arm would also make their own CPUs, big change, right when we started hearing that these new AI agents needed a ton of advanced CPUs to operate. It’s a windfall for anyone who can make CPUs, meaning Intel, AMD, and Arm Holdings. I don’t know, Arm’s trading at 172… Been at 115 just a couple weeks ago when I learned this…. I had passed on almost 60 points.

So what did I say? I said, well, I’m too late. But you know what? I couldn’t resist the temptation. CEO Rene Haas was so… bullish in our interview from the NVIDIA GTC conference, and he’s always been straight. I’d already missed Intel. I’d passed on AMD, so I decided enough is enough. Just forget where the… thing came from and do some buying. Sure enough, as people realized that we’re going to need more CPUs in the data center, Arm, at $172 when I purchased it, proceeded to roar right to $302.

2. Swarmer, Inc (NASDAQ:SWMR)

Swarmer, Inc. (NASDAQ:SWMR) was one of the stocks on Jim Cramer’s radar on Mad Money as he explained that many investors might be missing out on the market’s biggest winners. The company was one of three drone company bets highlighted by Cramer during the episode. He commented:

Let’s say you’re reading about Ukraine… They’ve been making real progress against Russia using cheap drones. I wish the Pentagon had been paying attention to them earlier because the Iranians have used the same drone strategy to do a number on our allies in the region. But now the White House knows it needs inexpensive drones, it knows the Pentagon’s gotta make them. So they want to invest in some of these drone companies to help our war fighters in this new era… In this market, why not make a field bet on the group?

I’m giving you three bets, okay? We’ve covered them: Swarmer, Red Cat, and AEVEX. Swarmer is a natural. It’s the first Ukrainian defense tech startup. Red Cat already makes teal drones for the army. It’s a fan favorite. And AEVEX is a pure-play drone maker. You know that at least one or two of these is going to receive some Federal largesse… Maybe pick one or two. They’ve all moved. But judging by the action of Unusual Machines, incredibly, it’s not too late.

Swarmer, Inc. (NASDAQ:SWMR) is a defense technology firm that develops vendor-agnostic software for autonomous swarm coordination and multi-domain unmanned systems.

1. Snowflake Inc. (NYSE:SNOW)

Snowflake Inc. (NYSE:SNOW) was one of the stocks on Jim Cramer’s radar on Mad Money as he explained that many investors might be missing out on the market’s biggest winners. Cramer noted the company’s AI journey, as he remarked:

Let’s dive into how Snowflake dazzled so brightly just all session. How did it do it? Okay, as CEO Sridhar Ramaswamy explained on our show last night, the company figured out how to pivot from plain old software to a terrific amalgam of software and artificial intelligence supported by partnerships with Anthropic, which, by the way, just announced today that it raised $65 billion at a post-money valuation of $965 billion.

How incredible is that? It’s also partnered with OpenAI and then the web services of Amazon. With its quarter last night, Snowflake gave the latter $6 billion to have Amazon’s homemade chips. That’s right, Amazon isn’t giving Snowflake $6 billion; Snowflake will be giving $6 billion to Amazon. And that was a huge part of the positive story. It showed you that Snowflake understands the transition to AI. They get it. I like that.

Snowflake Inc. (NYSE:SNOW) provides a cloud platform that helps organizations pull their data into one place so they can analyze it, build data apps, share information, and use AI to solve business challenges.

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