Jim Cramer Recently Discussed These 10 S&P 500 Stocks

1. Palantir Technologies Inc. (NASDAQ:PLTR)

Number of Hedge Fund Holders: 77

Palantir Technologies Inc. (NASDAQ:PLTR) is one of the stocks listed in our article, Jim Cramer recently discussed these 10 S&P 500 stocks. Starting his list of S&P 500 winners in the first half of the year with the company, Cramer said:

“The biggest winner of the first half was, of course, Palantir Technologies, the government enterprise software company with the stock that’s beloved by individual investors. It finished the first six months of the year up more than 80%. The skeptics will point to Palantir’s nosebleed valuation, I mean, this is now a $308 billion company, trades at a mere 225 times this year’s earnings estimates, or the fact that very few people can articulate what their software really does.

But that’s par for the course with enterprise software stories, and Palantir’s got tremendous growth with surprisingly high margins. Just as important, the people who run the company are simpatico with the Trump administration, especially the Defense Department. Good way to win business. They want to change the Defense Department in a way that I think you and I might want, but they’ll just say it in a potty-mouth way.

Palantir’s now a $130 stock, and I’ve said for a while now that it’s headed to $200, not because of the fundamentals, but because that’s how momentum stocks behave. Just remember, if you’ve got huge gains in this one, those gains don’t count until you’re reading the register on part of the position. Take something off the table, let the rest run, play with the house’s money.”

Palantir (NASDAQ:PLTR) builds software platforms, including Gotham, Foundry, Apollo, and its AI Platform, which are designed to enable organizations to integrate, analyze, and respond to complex data. The company’s technology is used in areas such as counterterrorism, enterprise operations, and artificial intelligence deployment.

While we acknowledge the potential of Palantir Technologies Inc. (NASDAQ:PLTR) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than PLTR and that has 100x upside potential, check out our report about this cheapest AI stock.

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