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Palantir Technologies Inc. (NASDAQ:PLTR) is among the stocks Jim Cramer reviewed while discussing the Iran ceasefire that triggered a relief rally. A caller inquired about the stock, and here’s what Cramer had to say in response:

You know, it’s really surprised me because I do not think that this could be hurt by Anthropic. It’s not going to be hurt by any of the other, by OpenAI. And I’m going to stand by it. I’m going to stand by Karp. I’m not changing my mind… I’m not going to give up right here. It had a big move last year, and it’s still digesting it.

Photo by Adam Nowakowski on Unsplash

Palantir Technologies Inc. (NASDAQ:PLTR) develops data analytics and AI software platforms, including Gotham, Foundry, Apollo, and Palantir Artificial Intelligence Platform, that help organizations integrate, analyze, and act on complex data. A caller asked about the stock during the April 1 episode, and Cramer replied:

Well, you know, Palantir right now, I have to tell you, here’s what’s going on with Palantir… It was a very hot stock. It was, it’s a great company, first of all, I mean, a great company, and… Sometimes, stocks just get overheated, and sellers come out. Palantir is basically building a new base because boy, their business is strong. I’m relying on the customers. The customers love them, and therefore, I think they’ve got a great product, and therefore, I think they’ll have a great 2026 and 2027.

While we acknowledge the potential of PLTR as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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