We recently published an article titled Jim Cramer Discusses These 10 Stocks & Wonders Whether DeepSeek Stole From OpenAI. In this article, we are going to take a look at where Palantir Technologies Inc. (NASDAQ:PLTR) stands against the other stocks Jim Cramer recently discussed.
In his recent appearance on CNBC’s Squawk on the Street, Jim Cramer continued to discuss the fallout from DeepSeek’s AI models purportedly reducing the costs of training and developing AI platforms. While the TV show host did not comment on the costs, about which little is currently understood, he did speculate about the link between DeepSeek and OpenAI.
As DeepSeek’s R-1 becomes more popular, several users have reported that it delivers answers similar to those from OpenAI’s models. In fact, Bill Gates’ software company is allegedly investigating the link between OpenAI and DeepSeek. As per Bloomberg, the software company’s security team discovered “observed individuals they believe may be linked to DeepSeek exfiltrating a large amount of data using the OpenAI application programming interface, or API.”
Cramer also wondered the same thing during his appearance as he questioned “How much did this outfit, DeepSeek, steal from OpenAI?” The TV show host however added that he was nevertheless impressed by DeepSeek’s AI “Because it is much lower cost.” However, some things that remain unanswered for Cramer are “Whether what they stole, I question how good it is, I question the hallucination factor. I question the, when I went on it, it was stupid as wood. I mean look, there are some real problems here. But the calculations are good.”
The conversation then shifted to whether DeepSeek’s splash in the West revealed that the software engineers in China were as good as those in the US. Cramer sarcastically commented “Shocker. What they thought they were blockheads?” However, while his assessment about Chinese software engineers was correct, he controversially added “We are so far ahead of them, because we’re doing robots and cars. Where’s their robots and cars?”
Cramer’s remarks about the Chinese automotive and robotics industries prompted co-host David Faber to retort that China leads the world with EVs. Cramer then tried to clarify his stance by outlining a few individuals that he believes offer America a competitive edge over China. “I’m saying that Elon, their Elon. The Jensen-Elon Musk partnership,” he shared. Cramer further added “I’m talking about the supercomputer solution. I think is a brilliant solution by Musk.” The supercomputer that he’s referring to is Musk’s plan to build the world’s largest supercomputer in Tennessee which will house a million AI GPUs.
Our Methodology
To make our list of the stocks that Jim Cramer talked about, we listed down the stocks he mentioned during CNBC’s Squawk on the Street aired on January 28th.
For these stocks, we also mentioned the number of hedge fund investors. Why are we interested in the stocks that hedge funds invest in? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points. (see more details here).
A software engineer manipulating a vast network of code on virtual monitors.
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.”
Overall PLTR ranks 6th on our list of the stocks Jim Cramer recently discussed. While we acknowledge the potential of PLTR as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. 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 Complete List of 59 AI Companies Under $2 Billion in Market Cap
Disclosure: None. This article is originally published at Insider Monkey.