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Jim Cramer on Palantir: “I Wouldn’t Short That Thing Even After This Run”

Palantir Technologies Inc. (NASDAQ:PLTR) is one of the stocks Jim Cramer offered insights on. Cramer said that the company’s CEO “never stops crushing the expectations,” as he stated:

“Palantir’s harder. Alex Karp seems like a renegade, but he really isn’t. He’s constantly trying to explain why his company’s worth what it is, and he never stops crushing the expectations. I believe in Karp’s leadership because you know what? I’ve been around… My hat’s off to Palantir. I wouldn’t short that thing even after this run… When it was at $50, I said, it would go to $100. When it was at $100, I said it would go to $150, and when it was $150, I said it was going to go to $200. And now I think it’s going to $250 after this pit stop, 178 up to 193.

Hedge fund managers I meet almost all want to tell me, you know what, you’re dead wrong, Cramer. I don’t feel very wrong, especially after talking to multiple clients who actually swear by Palantir… Now I know that Palantir’s richly valued at almost 300 times earnings. As Karp says, and I quote, ‘This ascent has confounded many financial analysts and the chattering class,’ he goes on to say, ‘whose frame of reference did not quite anticipate a company of this size and scale growing at such a ferocious and unrelenting rate.’

… In the end, he points out, ‘Palantir has made it possible for retail investors to achieve the rates of return previously limited to the most successful venture capitalists in Palo Alto.’ To which I say, amen. What do you want me to do here? Palantir and NVIDIA are two of the biggest winners I’ve ever seen, and individual investors have indeed made fortunes in both of them, while money managers sat on the sidelines for the most part or shorted them.”

Palantir Technologies Inc. (NASDAQ:PLTR) develops software platforms that enable organizations to integrate, analyze, and operationalize complex data.

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.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

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

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

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  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

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