Jim Cramer’s Thoughts on Liberation Day, Tariffs, and 17 Stocks to Watch Right Now

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8. Palantir Technologies Inc. (NASDAQ:PLTR)

Number of Hedge Fund Holders: 64

A caller asked Cramer about his thoughts on Palantir Technologies Inc. (NASDAQ:PLTR) and whether they should worry about the amount of revenue that was coming through federal contracts, to which Cramer replied with:

“You buy [Palantir]. I’ll tell you why. I think they’re actually the paragon and paradigm of what the DOGE Boys want to see. I think they are fantastic at what they do. I know that Alex Karp and I will never really play pickleball together but I will say this, he runs a good company, and he’s from Philly.”

Ithaka Group stated the following regarding Palantir Technologies Inc. (NASDAQ:PLTR) in its Q4 2024 investor letter:

“From the front-lines of warzones to Fortune 500 enterprises, Palantir Technologies builds software to address high-level action items, respond to defense and security concerns, and improve organizational efficiency. […] The stock’s meteoric rise in the quarter was due to a strong earnings report that beat Street expectations as well as investor excitement with regard to the company’s ability to further monetize its AI product across its growing customer base.”

Ithaka noted Palantir as one of the top five contributors to portfolio performance in Q4 2024, with the stock soaring over 100% during the period. The fund highlighted the company’s dual exposure to government contracts (~55% of revenue) and a rapidly expanding commercial customer base (~45%), both of which are embracing Palantir’s AI and data analytics platforms. The letter underscored growing investor confidence in the scalability and monetization potential of Palantir’s generative AI solutions.

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