All The People Who Work At Palantir Technologies Inc. (PLTR) Are “Geniuses,” Says Jim Cramer

We recently published Jim Cramer Said Quantum Computing Could Quench AI’s Thirst For Water As He Discussed These 14 Stocks . Palantir Technologies Inc. (NASDAQ:PLTR) is one of the stocks Jim Cramer recently discussed.

Palantir Technologies Inc. (NASDAQ:PLTR) is a data analytics company whose shares have run into a bit of trouble recently. They have lost a whopping 16.6% over the past five days to underscore the inherent volatility in shares, which trade at 500x earnings. Cramer has been one of the first to predict Palantir Technologies Inc. (NASDAQ:PLTR)’s strong performance and has praised the firm for its earnings performance. These comments were made just as the dip started, and Cramer discussed a piece by Citron Research outlining that Palantir Technologies Inc. (NASDAQ:PLTR) was worth $40 considering OpenAI’s $500 billion valuation:

“[On a Citron piece] David, Palantir? You want to get in the way of that juggernaut? The only people who short that . . .and they don’t even know. One guy called me and he goes, listen man, I’m shorting this stock, I don’t know if you know it. Plantir! Plantir!All The People Who Work At Palantir Technologies Inc. (PLTR) Are "Geniuses," Says Jim Cramer

The CNBC TV host praised Palantir Technologies Inc. (NASDAQ:PLTR) after its earnings. Here is what he said:

“Palantir Technology reported a spectacular quarter after the close, much better than expected revenue, up 48% year-over-year, 2 cent earnings beat off a 14 cent basis, management raising their full year forecast dramatically. Company’s Rule of 40 score, which combines the revenue growth rate with the adjusted operating margin, came in at 94 for the quarter. I’ve never seen anything like it, so no wonder this already red-hot stock could surge in after-hours trading.

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READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.

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