Jim Cramer Once Told Palantir CEO To 'Stop Dropping F-Bombs,' Then He Realized The Future Had 'Already Arrived'

Palantir Technologies Inc (NYSE: PLTR) shares climbed 3.6% on Thursday after reports from the previous day that co-founder and chairman Peter Thiel has completed selling the maximum number of shares allowed under his trading plan set in May, according to Barron's.

The company’s recent success brings to mind Jim Cramer's evolving stance on Palantir. He once dismissed it as not even a “real company.” Less than a month later, he completely changed his mind.

What Happened: Palantir announced an expansion of its partnership with Microsoft Corp (NASDAQ: MSFT) in early 2023. Following the announcement, Cramer said the AI-focused data software company was really just a “series of press releases” made up for the “memesters.”

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.”

About a month ...

Full story available on Benzinga.com