PLTR Price Action: Palantir has a 52-week high of $11.61 and a 52-week low of $5.84. "The future has already arrived," the company said. On a conference call with investors and analysts, Palantir said Ukrainian forces have been unleashing the company's AI products with incredible speed. He highlighted new AI technology that allows Palantir to "control the battlefield": He expressed interest in what Palantir is doing for Ukraine in the ongoing war with Russia.įrom Last Month: Jim Cramer Says This Company Is 'The Secret' To Winning The Russia-Ukraine War, Warns Putin About WWII 'Replay' The stock was up more than 20% on the heels of the company's bullish forecast.Ĭramer noted that he plans to take a closer look at the company now that it's actually making money. In a letter to shareholders, Karp said he expects Palantir to remain profitable in each quarter through the end of the year. But Nvidia is now making cards that will create the unimaginable for all. It was a clear pivot and I think the stock should be up." Yes, the stock of Nvidia has had quite a move already. Previously, Palantir didn't care about making money and the company was all about "world domination," Cramer said: "They did the pivot that we have all been hoping for. See Also: Take That, Jim Cramer And Bill Gates! Joe Rogan Thinks The Cybertruck Is Great - Here's What He Says "They made money, $17 million, and they actually forecast GAAP positive, and what they did is pivot." "I've been very critical of Alex Karp and not just because I thought it was totally unnecessary for him to curse on the conference call, but they had been losing money hand over fist," Cramer said Tuesday on CNBC's "Squawk On The Street." Why It Matters: Following Palantir's strong quarterly report this week, Cramer changed his mind on the Karp-led company. He complained about Palantir CEO Alex Karp's use of foul language on conference calls and said the company would be a lot more legitimate if Karp would "stop dropping F-bombs." Following the announcement, Cramer said the data software company focused on AI was really just a "series of press releases" made up for the "memesters." What Happened: Palantir announced an expansion of its partnership with Microsoft Corp MSFT last month. In general, falling crowd interest despite rising prices typically denotes that there is some disbelief going on.In early April, Jim Cramer picked Palantir Technologies Inc PLTR apart, saying it's not even a "real company." One month later, he has completely changed his mind. This drop might imply the crowd does not know what to think. jobs report, and this weekends Berkshire Hathaway annual meeting. In a blog post, it notes fewer people are participating in discussions on Twitter, Discord, Telegram and Reddit now than were at the start of the year. Mad Money host Jim Cramer talks the upcoming debt ceiling face off, the U.S. Our latest insight looks at funding rate longs & the increased social #FUD, & what it means for price action. □ Social metrics and funding rates are showing contrary stories at the moment, as the trading crowd tries to navigate #crypto's tight ranging. Crypto market still in disbelief: SantimentĪccording to on-chain analytics firm Santiment, social metrics and funding rates are showing contrary stories at the moment, as the trading crowd tries to navigate crypto's tight range. A Twitter user commented, "dump confirmed," while others posted funny memes telling Cramer to take the opposite view. The tweet caught the attention of the cryptocurrency community, as Cramer's predictions often turn out contrary. needs to invest in digital technology, mentioning the companys partnerships with. Cryptocurrencies like Solana and Avalanche saw bigger declines than the 7% loss experienced by Ethereum (ETH).Īccording to statistics from Coinglass, the unexpected sell-off caused long positions worth $237 million to be liquidated across exchanges.ĬNBC Mad Money host and financial analyst Jim Cramer took to Twitter to comment on the drop seen across the board, saying, "Getting near being oversold." The lead cryptocurrency fell as much as 5% before reversing some of its loss to trade at roughly $29,465 at press time. Amid a wider decline in cryptocurrencies, Bitcoin once again dipped below the psychological $30,000 mark.
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