Continued improvement in fundamentals and technicals could carry Palantir to megacap scale. A $1 trillion market cap is a realistic destination for strong growth companies, and Palantir appears on that path, though its timing is uncertain. Drawdowns remain opportunities to accumulate until the thesis changes. x.com 

Palantir may be undervalued because the market values it as a software company while its opportunity is much bigger. It spans AI deployment, government contracts, enterprise adoption and mission-critical data infrastructure, and expensive stocks can stay expensive when the business keeps expanding. x.com 

Palantir's roughly $500B market cap and 80x sales make it prudent to trim exposure despite continued affection for the company. Its tenfold run has already delivered substantial gains, not just the beginning; smaller speculative positions are getting crushed in this environment. x.com  x.com 

Palantir's partnership with Nebius is a big step toward running customers' AI in production. Palantir named Nebius its preferred sovereign AI infrastructure partner, and per Nebius its compute and inference endpoints will run inside the Palantir enterprise perimeter, giving commercial customers control over compute, data and models adapted with their own data. Running AI at scale needs much more than bare metal and a frontier model to be production ready. x.com  x.com 

Palantir's government contract activity is growing sharply, supporting its resilience despite the share-price pullback. Its $2.1 billion in 12-month obligations is up 184% from the prior year, among the strongest increases tracked. The Cryptic Bottom Index remains green despite the pullback. Its score is among the highest in the Cryptic Research System, led by growth and profitability, though catalysts and valuation score weakest. x.com  x.com  x.com 

Palantir's valuation is extreme relative to established defense companies. At $137 a share and a fully diluted market cap above $350 billion, the same money could buy Northrop Grumman, General Dynamics and Lockheed Martin with enough left for L3Harris. x.com 

Palantir has three fresh bullish catalysts. Michael Burry covered his short; Palantir signed a large partnership with NVIDIA to bring Nemotron open models into secure, air-gapped environments for US government agencies and critical infrastructure operators; and Trump bought at least $1 million more of its shares. x.com  x.com 

Nebius could be one of the few neoclouds to survive and thrive in a shakeout because it can finance expansion while weaker rivals struggle. Its new $3.5B Citi facility bolsters capital access; Nebius says prepayments on roughly 70% of Q2 deals covered 50-60% of related capex. Its integrated cloud and NVIDIA collaboration strengthen its platform; Palantir may bring enterprise demand but has yet to yield revenue. The Citi facility matures in 364 days; delivery and returns remain risks. x.com 

Palantir's share price demands unusually fast cash and profit growth despite its strong business. At roughly $210, it implies 48.5% annual growth for five years; at 32% annual growth, the shares would be worth $96.64. It is a Watch, not a Buy at today's prices. Q2 sales rose 93% and cash flow after employee stock pay was $2.52 billion over 12 months, but government concentration, cancellable contracts and rising stock pay remain risks. x.com  x.com  x.com  x.com  x.com  x.com  x.com  x.com 

Palantir makes an amazing product no one else can match, and once customers are in the system it becomes incredibly difficult to leave. That has driven immense growth in customers, earnings and backlog, making it one of five growth stocks set to dominate over the next decade. x.com