10 Stocks on Jim Cramer’s Radar These Days

6. Palantir Technologies Inc (NASDAQ:PLTR)

Number of Hedge Funds Investors: 43

Jim Cramer was asked about Palantir Technologies Inc (NASDAQ:PLTR) in a latest program. Here is what he said:

“The meme guys are pushing it up every day. They push it up in the morning. They usually start around 3:30. I get up earlier than they do, so I watch them do it. And it just blossoms each day. What a blast. The manipulation is incredible. But you know what? In the new regime, it’s just called solid buying.”

Baron Asset Fund stated the following regarding Palantir Technologies Inc. (NASDAQ:PLTR) in its Q4 2024 investor letter:

“Two software stocks that the Fund did not own, Palantir Technologies Inc. (NASDAQ:PLTR) and AppLovin Corporation, each gained more than 100% and accounted for 52% of the Benchmark’s gain during the quarter. At year end 2024, Palantir was valued at approximately 200 times its expected 2024 earnings, while AppLovin was valued at 80 times. The market cap of each exceeded $100 billion, and the two stocks represented nearly 8% of the Index. Neither company met our criteria for investment. The total impact on relative performance from Palantir and AppLovin was about 7 times higher than we have seen historically for two securities that are unique to the Benchmark, showing just how unparalleled the event was and something that we believe is unlikely to be repeated.”