8 Stocks on Jim Cramer’s Mad Money Recap: IBM, Corning, and AI Rally Strength

5. Palantir Technologies Inc. (NASDAQ:PLTR)

Palantir Technologies Inc. (NASDAQ:PLTR) was one of the stocks featured in Jim Cramer’s Mad Money recap, as he discussed how the AI build-out could power the economy. Cramer highlighted the market’s reaction following the company’s earnings, as he commented:

Palantir gives you one of the best quarters I’ve ever seen. Great margins, terrific revenue growth, and yet what happens? There’s not enough to prop up the stock… Palantir’s stock didn’t go up on its own magnificent quarter. That’s all right. The index jacked it up 2.4%.

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 1 episode, Cramer noted that he “would own” the stock, as he said:

We get results from the most colorful company in the market, Palantir Technologies. I believe their business remains strong, but this market has lost its taste for very expensive software and software-like companies, which is how people view Palantir, even as it really is a one-of-a-kind consulting firm. I don’t think even a fiery Alex Karp can change stock direction, although it was up nicely with some of the other software companies today. I wouldn’t trade it as I think Palantir is, it’s just an excellent book of business, a lot of satisfied customers. I would own it.