Quick Read – Cramer flipped on Palantir (PLTR), calling their company-made NFT video “basically saying we’re Satan” and demanding a public disavowal from CEO Karp before market close. – Despite $1.63 billion in Q1 revenue and 85% year-over-year growth, PLTR’s 149 trailing P/E…
aves no margin for the brand-safety controversy already hitting the stock. – Jim Cramer walked onto CNBC’s Mad Dash last week on Wednesday morning and turned on a company he has championed for years. The target was Palantir (NASDAQ:PLTR), a stock he has repeatedly told viewers to own through every valuation panic since the AI trade caught fire
His complaint was about a company-produced NFT video that Palantir made, posted, and then quietly pulled. Cramer wants management to disavow it publicly before market close. What Cramer Said Cramer opened by re-anchoring his bull case. “I’ve been a big supporter, Palantir, mostly because of what it does in real business, which is really help organizations get their act together,” he said.
Then came the pivot. Reacting to a Financial Times piece examining Palantir’s political alignment with Republicans, Cramer zeroed in on the NFT video itself, calling it “one of the most frightening things I’ve seen” and describing it as “a Punisher-like video… on the site of the company made itself, which is subsequently pulled, that I found very disturbing.” The line that will get replayed all day is his interpretation of the imagery. “It’s basically saying, listen, we’re Satan. Look out!” Cramer said.