Jim Cramer Discusses These 10 Stocks & Wonders Whether DeepSeek Stole From OpenAI

6. 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 is one of the top-performing stocks on Wall Street. Its shares are up by a whopping 362% over the past year as they’ve benefited from robust US commercial sales and the potential to modernize the US government, particularly with AI. Palantir Technologies Inc. (NASDAQ:PLTR)’s also a regular feature of Cramer’s TV shows, and he has repeatedly praised the firm’s CEO Alex Karp. This time, he went further and simply substituted the stock with Karp’s name instead:

“Well Palantir you’d pay, David, Alex Karp already told you, infinity’s too cheap. You know, look, I don’t get, I’ve been saying Alex Karp’s going to, I don’t call it Palantir, I call it Karp. I think that Karp goes to a hundred. Why? Why do I say that? Because the people who own the stock are taking it to one hundred. I mean, it reminds me of some stocks we saw in the 80s where people liked to be banging on the tables. . . .Karp, Karp, Karp, Karp, Karp. I mean, it’s a juggernaut.”

“I’m glad you brought up Palantir. Because Palantir is GameStop with a brain. Well I’m saying that the people who like GameStop . . . .they’re gonna take it [Palantir] up. And you know get out of the way, there’s probably some shorts who’re going to get run over. They do have really good stuff. Cybersecurity, I mean, cheap, the way they want to procure. They understand procurement better than anyone in the world. Call it K-A-R-P.”