Jim Cramer’s Latest Lightning Round: 7 Stocks in Focus

2. Palantir Technologies Inc. (NASDAQ:PLTR)

Number of Hedge Fund Holders: 64

A caller inquired if it was time to get back into Palantir Technologies Inc. (NASDAQ:PLTR). Here’s what Mad Money’s host had to say in response:

“Yes, it is. Palantir’s a winner and I’m telling you, we’re going to see what they do with the defense department. I’m telling you they’re going to help… the procurement process. And I’m a believer in Palantir, even if they don’t believe in me. I don’t care.”

Palantir (NASDAQ:PLTR) develops software platforms for complex data integration and decision-making, offering products like Gotham, Foundry, Apollo, and AIP to help organizations manage and analyze large datasets. Appearing on Squawk on the Street almost two weeks ago, Cramer stated:

“The winners will become not winners. Except for Palantir because they own the media… he’s good. The odd thing about Karp is that is as noisy as he is, he actually delivers. And I think that they would do great things. I’m actually looking for them to be able to help the Defense Department really take the costs out. Because we do have great ideas. But most importantly, the problem with the Defense Department is procurement. And Alex Karp and his team have answers for procurement. Which is congratulations, it’s a byzantine world and they’ve got it figured out. Unleash them and not just . . .Musk.”