Did Jim Cramer Nail or Miss These 14 Stocks?

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1. Palantir Technologies Inc. (NASDAQ:PLTR)

Number of Hedge Fund Holders: 64

Palantir Technologies Inc. (NASDAQ:PLTR) specializes in big data analytics and software solutions, particularly for defence and government clients. Cramer liked the stock back then:

“I like it. They had a good quarter, and they have a good defense business. I like their defense work, and they’ve owned that franchise.”

Palantir Technologies Inc. (NASDAQ:PLTR) has been one of the best performing stocks of the past year, skyrocketing 323.23% since that episode.

On March 14th this year Cramer praised the firm’s CEO Alex Karp and shared his optimism about the firm’s ability to work with Elon Musk’s DOGE to help cut costs at the Pentagon. Here are his latest comments:

“The winners will become not winners. Except for Palantir because they own the media.

. . .he’s [Karp] good. The odd thing about Karp is that is as noisy as he is, he actually delivers. And I think that they would do great things. I’m actually looking for them to be able to help the Defense Department really take the costs out. Because we do have great ideas. But most importantly, the problem with the Defense Department is procurement. And Alex Karp and his team have answers for procurement. Which is congratulations, it’s a byzantine world and they’ve got it figured out. Unleash them and not just . . .Musk.”

While we acknowledge the potential of PLTR as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than PLTR but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

Disclosure: None. Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily e-newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below.

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