Jim Cramer on Palantir: “I Think It’s Worked Its Way Back Over Time”

Palantir Technologies Inc. (NASDAQ:PLTR) is among Jim Cramer’s recent stock calls as he urged investors to stand by the defense sector. Cramer highlighted President Donald Trump’s Truth Social post about the company, as he commented:

Finally, I got one more, courtesy of President Trump’s post on Truth Social today, saying, “Palantir Technologies has… proven to have great war fighting capabilities and equipment. Just ask our enemies”… Palantir, of course, is the software company that specializes in taking data from various sources and combining that into a single platform to make crucial insights. They got their start doing surveillance and analytics for the Pentagon.

Stock’s gotten hammered lately, down nearly 40% from its high last October, thanks to the same AI displacement worries that have crushed the entire software cohort, even though they shouldn’t be lumped into it. I don’t know if the President’s post will be able to get Palantir out of this rut, but it sure doesn’t hurt, does it? I find it infuriating that this company keeps getting confused with regular old software companies. This company’s a close advisor to CEOs at major companies about how to change their operations in major ways. I have talked to many of their clients, and they are in awe of how Palantir has helped them. Did it get too expensive? Oh, momentarily, yes, but I think it’s worked its way back over time.

Stock market data. Photo by Jakub Zerdzicki on Pexels

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.

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