Jim Cramer on Palantir CEO: “Karp’s a Fighter”

Palantir Technologies Inc. (NASDAQ:PLTR) is one of the stocks on Jim Cramer’s recent game plan. Cramer noted that he expects a really good result from the company, as he said:

After the close, a company that once had an electric stock, Palantir Technologies, the software consulting company run by Alex Karp, is going to report. Now, look, I am expecting a terrific quarter here. I am not concerned about the action. I think the stock is going to reignite. Karp’s a fighter. He can come back from this. Anyway, it’s up really big… if you look two years.

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. A caller asked about Cramer’s thoughts on the stock during the January 29 episode, and he responded:

Yes, I like Palantir. Now, Palantir’s trading right now with the cohort that is ServiceNow and Salesforce. By the way, those are great companies. But I think that right, look, everything I hear when you hire them, business does better. And that’s why I liked it, not momentum. So I can’t back away from it right here. If anything, I would say a great opportunity to buy Palantir, and it’s not like I talked to Dr. Alex Karp.

While we acknowledge the risk and potential of PLTR as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than PLTR and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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