Jim Cramer Discussed These 12 Stocks & Elon Musk Vs Sam Altman

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3. Palantir Technologies Inc. (NASDAQ:PLTR)

Number of Hedge Fund Holders In Q3 2024: 43

Palantir Technologies Inc. (NASDAQ:PLTR) is one of the most well-known data analytics companies in the world. Most of Cramer’s remarks about the firm have surrounded its ability to benefit from a push for cost-cutting at the Pentagon under the new Trump administration. Previously, the host has shared optimism about Palantir Technologies Inc. (NASDAQ:PLTR)’s ability to profit from the cost-cutting initiatives. However, his latest comments took a more downbeat turn:

“Now Palantir by the way is so far not really at the seat at the table that I always thought they would be at the Defense Department. And I think what we have to watch is the Defense Department going to be able to defeat DOGE? And if they defeat DOGE, they’re gonna, then Palantir’s not going to be as successful as I really want them to be because Palantir’s got ways to be able to cut the budget, the defense budget. And be I think, better warfighters.”

Yet, despite the lack of clarity, Cramer is still a fan of Palantir Technologies Inc. (NASDAQ:PLTR) CEO Alex Carp as he believes that Carp is one of the smartest people in the world.

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