14 Stocks That Jim Cramer Recently Talked About

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11. Palantir Technologies Inc. (NASDAQ:PLTR)

Number of Hedge Fund Holders In Q3 2024: 43

Palantir Technologies Inc. (NASDAQ:PLTR) is one of the hottest, if not the hottest stocks of 2024. Its shares can do no wrong as they are up by an unbelievable 356% year-to-date. The optimism is built around several facets. For starters, Palantir Technologies Inc. (NASDAQ:PLTR) has shifted the narrative of being a government contractor by delivering consistent growth in its US commercial business. As an example, the firm’s US commercial revenue grew by 70% annually in Q2 and followed up with an equally impressive pace in Q3. Palantir Technologies Inc. (NASDAQ:PLTR)’s commercial success is built on its close work with customers for rolling out AI technologies. Cramer’s remarks were short:

“Well Palantir’s not allowed to go down. A lowest past a distant moon to go where Palantir’s going to be going down.”

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