Jim Cramer’s Opinion on 21 Stocks: Oklo, AST SpaceMobile, and Others

15. Palantir Technologies Inc. (NASDAQ:PLTR)

Palantir Technologies Inc. (NASDAQ:PLTR) was among the stocks Jim Cramer highlighted, as he discussed the massive AI infrastructure buildout. A caller asked whether Cramer sees any catalyst for the company, and he replied:

Oh, okay, I’m glad you asked about Palantir. See, I’m looking at Palantir as a longer-term investment. It did have, look, it shot up… went to $150, it did that. Went to $200, did that. Came back down. But nothing’s changed in terms of how great they are. And I know that it’s difficult to say, hey, let’s buy a stock at $200 because it’s great. But I will tell you that this company is firing on all cylinders. It’s just the stock right now acts as if, well, it’s done, and it’s not done at all.

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. Cramer highlighted President Donald Trump’s Truth Social post around the company during the April 10 episode. He stated:

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.