Jim Cramer Talked About These 16 Stocks

14. Palantir Technologies Inc. (NYSE:PLTR)

Cramer acknowledged that Palantir Technologies Inc. (NYSE:PLTR) is a popular stock and commented that it will perform well.

“There’s a sense that a Trump presidency will bring more hacks. Probably won’t, though. This one will do best, Palantir. It’s upending the Pentagon procurement process and making it possible for us to play offense when it comes to cybersecurity. President-elect Trump’s gonna have a lot of fun with Alex Karp, the co-founder and CEO of Palantir… [It] can go much higher, I don’t care about the valuation. I know it’s a popular stock. It can go higher.”

Palantir (NYSE:PLTR) is a prominent developer of software platforms specializing in complex data integration and decision-making. The company primarily serves government agencies, particularly in the intelligence sector, as well as commercial clients. Over the years, the company has made significant strides in positioning itself as one of the key beneficiaries of the growing demand for AI technologies, largely through its Artificial Intelligence Platform (AIP). This focus on AI innovation has helped the company gain recognition as a leader in the field.

For the third quarter, CEO Alex Karp credited Palantir’s (NYSE:PLTR) success to the continued and “unwavering” demand for its AI products, which he sees as a promising indicator of future growth. The company’s performance was especially strong in the U.S., where revenue rose 44%, reaching $499 million. The U.S. commercial segment was a particularly bright spot, showing a 54% jump in revenue to $179 million.