Jim Cramer Takes A Shot At Journalists, Says Palantir Is Proving The AI Story Is Real: 'It's All AI Here'
Portfolio Pulse from Adam Eckert
Jim Cramer praised Palantir Technologies Inc (PLTR) for proving the AI story is real, highlighting its strong Q2 performance with a 27% revenue increase and significant growth in customer count. Lumen Technologies Inc (LUMN) also secured $5 billion in new AI-related business. Cramer criticized journalists for downplaying AI's impact and emphasized that recent earnings reports show continued investment in AI development.
August 06, 2024 | 5:37 pm
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POSITIVE IMPACT
Lumen Technologies Inc announced $5 billion in new business from customers seeking to increase fiber capacity, driven by AI demand.
Lumen's announcement of $5 billion in new AI-related business is a strong indicator of growth, likely to positively impact its stock price in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Palantir Technologies Inc reported a strong Q2 with a 27% revenue increase and a 41% growth in customer count, driven by high demand for AI systems.
Palantir's strong financial performance and significant growth in customer base, driven by AI demand, are likely to positively impact its stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100