We recently published a list of Was Jim Cramer Right About These 13 Stocks?. In this article, we are going to take a look at where Palantir Technologies Inc. (NASDAQ:PLTR) stands against other stocks that Jim Cramer discussed.

During the latest episode of Mad Money, Jim Cramer focused on the recent market volatility and the reasons behind it. He explained that the reason behind this volatility is the escalating trade war with Canada. Here’s how he explained the situation:

“We got a trade war going with Canada. Here’s what happened, they announced a 25% tariff on electricity in our country earlier today. Immediately president Trump announced some hard retaliation doubling the tariffs on aluminum and steel. The steel side can be dealt with. Aluminum, I don’t know but it’s bad news. Canadians produce a huge percentage of that stuff for our airline makers, for trucks, for cars. A 50% tariff would be very inflationary and could destroy the profits of the automakers.”

Cramer’s recent opinion is that the U.S. is no longer a manufacturing-driven economy, but a service-driven one, where businesses thrive on stability and consumer confidence. Here’s how he explained it:

“Now we’re not a manufacturing economy, we’re a service economy. That’s why it stings when you see these retailers, telecoms, and airlines linking the negativity of their customers to political actions. […] The issue is that, again, we’re service. Most of our business is service, and that economy is starting to roll over because consumer confidence is declining as people worry about the impact of these tariffs. They don’t understand them. Sure, we have plenty of room for layoffs, so to speak, because we have very low unemployment. But the stock market is saying the tariffs will be inflationary, and the White House hasn’t explained to the American people why it’s worth it.”

Methodology

For this article, we compiled a list of 13 stocks that were discussed by Jim Cramer during the episode of Mad Money on March 20, 2024. We then calculated their performance from March 20th, 2024, market close to March 12th, 2025, market close. We have also included the hedge fund sentiment for the stocks, which we sourced from Insider Monkey’s Q4 2024 database of over 900 hedge funds. The stocks are listed in the order that Cramer mentioned them.

Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).

Palantir Technologies Inc. (NASDAQ:PLTR)

Number of Hedge Fund Holders: 64

Cramer liked Palantir Technologies Inc. (NASDAQ:PLTR) back then, citing a strong earnings report:

“I like Palantir. I like the quarter last time. I once again will invite [CEO Alex] Karp on. I mean, I like the guy. I think it’s a good company.”

What a great call that was. Palantir Technologies Inc. (NASDAQ:PLTR) is the best performer in this list. It has risen by 240.46% since the episode aired.

Palantir Technologies Inc. (NASDAQ:PLTR) is one of Jim Cramer’s most frequently discussed stocks. Here’s what he said about the stock on the 25^th of February:

“I want Karp in there. I want him to stop the book tour. I want him to stop using the f-word in conference calls.

“I’m ready for him. I’m from Philly. Mr. Tough Guy. Mr. Being Able To Use A Gun And Shoot. Look, you know what, if you can shoot a gun at two hundred and seventy yards, look why do I wanna do that.

“I mean Karp can shoot anything from two hundred and eight yards, do I care?

“I think that maybe this idea about DOGE, where they’re going to go and Palantir, it matters. I think that Palantir got so hot it had that parabolic move and then it had the endless book tour. And people kind of wanted Alex to get back to. They actually have a lot of people more than Alex, I’m not kidding, I happen to like a lot of people there. And their work on the Defense Department and being able to dismantle the military industrial complex, would make Eisenhower really proud. So they’re a very real company and I think if they got the chance to be able to undo the military industrial complex it’d be great for our country.”

Overall, PLTR ranks 3rd on our list of stocks that Jim Cramer discussed. While we acknowledge the potential of PLTR as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than PLTR but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

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