Jim Cramer Says It’s “Heck of A Lot Easier to Justify Buying” Stocks Like Palantir

Palantir Technologies Inc. (NASDAQ:PLTR) is one of the stocks that Jim Cramer weighed in on. Cramer noted that it is easier to justify buying the stock than many others. He commented:

“Now, you know that acronym that came up with PARC, Palantir, AppLovin, Robinhood, and Coinbase, that’s been spot on. Even as I’m not encouraging anyone to buy any of them, I’m simply pointing out that they’re straight-up stocks, especially Palantir, which had a bad outing yesterday, but was right back today, flying $5 and 50 cents to about a point below its high.

Once again, these parabolic moves feel justified because all four have explosive earning streams. In that sense, it’s a heck of a lot easier to justify buying PARC than so many of the other stocks like a Joby or an Oklo.”

Jim Cramer Says It's "Heck of A Lot Easier to Justify Buying" Stocks Like Palantir

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Palantir (NASDAQ:PLTR) develops software platforms that help organizations analyze complex data and make operational decisions. The company’s products support counterterrorism, enterprise data integration, AI deployment, and real-time software delivery across various environments.

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.