I do not hold any Palantir stock myself but I do not see the buzz (and frankly over hype) about AI going anywhere anytime soon.
Plus, yeah they get a lot of cash from govt contracts but I do not see defence spending (earlier in the year they secured a $480m contract that could make up 9% of their FY24 US govt revenue alone – https://www.prosperus.asia/stocks/us-stocks/palantirs-strategic-milestone-securing-a-480-million-defense-contract/) coming down anytime soon either. Do you?
