Palantir Technologies Inc. (NASDAQ: PLTR) catches the eye of stock analyst Jim Cramer. The company reported strong earnings with revenue up 48% year-over-year and exceeded earnings expectations. Palantir’s Rule of 40 score came in at an impressive 94, leading to a surge in after-hours trading.

Palantir (NASDAQ: PLTR) develops software platforms for data analysis and decision-making. Its tools are used in intelligence, defense, and enterprise data management. While PLTR shows potential as an investment, other AI stocks may offer greater upside with less downside risk.

For investors seeking AI stocks, consider options beyond Palantir. Explore opportunities in undervalued AI stocks that could benefit from current economic trends. Check out reports on the best short-term AI stock, stocks that may double in 3 years, and hidden AI stocks to buy now.

Disclosure: None. This article originally appeared on Insider Monkey.

Read more at Yahoo Finance: “It’s Among the Most Popular Stocks in the Universe”