Palantir Technologies Inc. (NASDAQ:PLTR) is one of the stocks on Jim Cramer’s radar. Cramer noted that the company’s CEO is one of the “smartest, most perceptive CEOs” he has ever met. He remarked:
“Palantir Technology reported a spectacular quarter after the close, much better than expected revenue, up 48% year-over-year, 2 cent earnings beat off a 14 cent basis, management raising their full year forecast dramatically. Company’s Rule of 40 score, which combines the revenue growth rate with the adjusted operating margin, came in at 94 for the quarter. I’ve never seen anything like it, so no wonder this already red-hot stock could surge in after-hours trading.
Stock market data showing an upward trajectory. Photo by Burak The Weekender on Pexels
Palantir (NASDAQ:PLTR) develops software platforms like Gotham, Foundry, Apollo, and its AI Platform to help organizations analyze complex data, support decision-making, and enable AI integration. The company’s tools are used for intelligence, defense, and enterprise data management.
While we acknowledge the potential of PLTR as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.
