Lower Interest Rates Ahead? Jim Cramer on the Macro Setup, Alphabet, and 27 More Stocks

13. Palantir Technologies Inc. (NASDAQ:PLTR)

Palantir Technologies Inc. (NASDAQ:PLTR) was among the stocks Jim Cramer discussed as he said that the Iran peace negotiations could trigger an oil glut, cool inflation, and pull interest rates down. A caller mentioned that they had started a position in the stock when it went public and asked whether they should add to it or sell. Cramer replied:

Oh boy, let me think about this, let me think about this. I think it’s fine as long as you recognize, I just want to see what they’ve pushed it down to… yeah, I thought so, they really clubbed it today, as long as you recognize it as a long-term growth story. What’s happened is the growth wasn’t very exciting to people. The growth hasn’t slowed down, just the stock.

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. During the May 28 episode, a caller inquired about the stock, and Cramer responded:

Okay, right now, other companies are shining so brightly that they’re taking away the sheen of Palantir. But maybe something changed today with Snowflake. Palantir is up $10; maybe it’s coming back. I have never, I have not lost faith in my great friend Alex Karp, and I don’t think I will.