Jim Cramer’s Hottest Defense Technology Stock Picks: Top 5 Stocks

2. Palantir Technologies Inc. (NASDAQ:PLTR)

Number of Hedge Fund Holdings in Q3 2024: 43

Number of Hedge Fund Holdings in Q4 2025: 89

Performance Since Cramer’s Remarks: 124%

Date/Month of Cramer’s Remarks: January 16th, 2025

Palantir Technologies Inc. (NASDAQ:PLTR) is the leading name among defense contractors when it comes to the software side of the industry. Cramer has been one of the stock’s biggest proponents and frequently discussed the firm in 2025. As the year started, the CNBC TV host was confident that Palantir Technologies Inc. (NASDAQ:PLTR) would benefit from the US government’s cost-cutting efforts. Later in the year, he asserted that the firm’s software was also enabling businesses to cut costs and improve operations. The stock is up by 61% over the past year and by 124% since Cramer discussed the firm in January 2025 on Mad Money. More recently, Palantir Technologies Inc. (NASDAQ:PLTR)’s shares closed 4.8% lower on February 12th after well-known short seller Michael Burry criticized the firm in a newsletter. Burry remarked that the firm’s shares could drop to a whopping $46 price. However, since his comments, the stock has gained 14%. Cramer was quite optimistic about Palantir Technologies Inc. (NASDAQ:PLTR) in January 2025 as he remarked:

“No, no. You hold it, you hold it and when it crops back down, you buy back the stock that you sold because this company is a winner. They have really smart people and a lot of good contracts. It’s the best data analysis company in the world, Palantir.”