Jim Cramer Discussed These 21 Stocks As Bond Yields Soared

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13. Palantir Technologies Inc. (NASDAQ:PLTR)

Number of Hedge Fund Holders In Q3 2024: 43

Palantir Technologies Inc. (NASDAQ:PLTR) is a data analytics company that has been one of the hottest stocks in 2024. Its shares gained more than 350% in 2024 on the back of several catalysts. These include double-digit revenue growth in several quarters in the US commercial market and investor hopes about Palantir Technologies Inc. (NASDAQ:PLTR) being able to provide the US government with AI services. Cramer has been a fan of the stock in his recent appearances, and he has repeatedly talked about CEO Alex Carp. Here’s what he said:

“Palantir being the nearest one that Cathie Wood’s been an aggressive seller at Ark. She’d been a big believer. I got the Alex Carp biography yesterday. It turned out to be 37 pages. I got to get the different one. There’s like three of them.

“It just gets better and better and but better. He is the Bond of intellect. James Bond. Palantir actually has a fabulous Rule of 40. They’ve got great growth.

“Palantir is a tremendous, Palantir is Peter Thiel, it’s Alex Carp.

“[on potentially overstretched valuations] It had a great last quarter! Look last quarter was great, the revenue growth was great.”

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