Palantir Technologies Inc. (NYSE:PLTR) shares surged in after-hours trading on Monday following the company’s report of fourth-quarter profit results in line with expectations and revenue exceeding estimates. Additionally, the full-year revenue guidance was consistent with expectations. CEO Alex Karp‘s remarks during the earnings call garnered praise, notably from CNBC’s Mad Money host Jim Cramer.
What Happened: Cramer expressed his approval in a post on X, stating, “Very few CEOs on conference calls–at least– talk about self-pleasuring and admitting that they are crazy, but I have to admit Karp’s insanity is growing on me and the Palantir narrative is compelling…”
Cramer had previously endorsed the data analytics software provider, particularly after the release of the third-quarter results in …