Palantir (PLTR) Price on Solana

Palantir CEO Alex Karp was among the tech executives at a White House luncheon on Tuesday, September 29, after which President Donald Trump said he and the attendees had signed a "morally binding" AI agreement. Trump posted the one-page document, titled the "White House Accord on Super Intelligence: Joint Commitment on Frontier Responsibilities," on Truth Social. According to CNBC, it asks AI companies to set up internal controls, internal oversight teams, independent external audits and independent board oversight of their AI systems. Other attendees included Nvidia's Jensen Huang, Elon Musk, Meta's Mark Zuckerberg, Google's Sundar Pichai, Microsoft's Satya Nadella, Anthropic's Dario Amodei, OpenAI's Greg Brockman and AMD's Lisa Su.

Speaking to CNBC outside the White House before the event, Karp backed the idea of industry accountability: "The main issue that you have and I have is we have to take responsibility for the dangers we're aware of. All of us do. And by the way, American people don't want separate rules for tech people and for themselves." The accord relies on voluntary commitments. Trump called it "almost like a constitution" and put the weight on "tremendous self-policing" by the companies, not binding regulation. CNBC also reported that the administration plans a 10-person committee to oversee AI development.

Michael Burry has restructured his bearish bet against Palantir, saying in a Monday post on his Substack newsletter, Cassandra Unchained, that weekend research convinced him the AI bubble may burst sooner than he first expected. According to CNBC's report, Burry "replaced and rolled the Palantir short and put position into an enlarged put position," using puts that expire in September 2027 with strike prices in the low $100s. Palantir was trading roughly 10% below its all-time high at the time of the report.

The Palantir change was part of a wider switch from short stock positions to put options across AI-linked names, including Micron, Nebius and a semiconductor ETF. "Fundamentally, I am moving timelines up," Burry wrote, adding that he wants more leverage in his short positions and that "better timelines make leverage more palatable." He pointed to an Ares Management report arguing that the AI boom depends on sustained capital spending, and that "it would take only a season in which AI revenue disappoints the capital expenditure underwriting it" for corporate boards to start redeploying that capital.

Rosenblatt reiterated its buy rating on Palantir on September 23. It pointed to the Federal Aviation Administration's rollout of SMART (Strategic Management of Airspace, Routes, and Trajectories), an AI-powered system built on Palantir technology. "We think the rollout Monday of the FAA's SMART ... system highlights the FAA opportunity for Palantir," the firm wrote, according to CNBC's roundup of the day's top analyst calls.

The FAA has deployed the tool to manage flights at three major Washington-area airports, the first U.S. deployment of the system. Rosenblatt treats it as evidence of Palantir's reach into civilian aviation beyond its defense and intelligence contracts. The roundup did not give a price target alongside the reiterated rating.

Palantir has been racking up AI partnerships at pace, with recent deals signed alongside Method Security, NVIDIA, and cloud infrastructure provider Nebius. The string of announcements has pushed PLTR up roughly 37% over the past 90 days, lifting its market capitalisation above $418 billion and reinforcing the company's position as one of the more visible plays on enterprise and government AI deployment.

The rally has reopened a valuation debate. A consensus of 228 investors pegs fair value at $171.06 — roughly 3% below the current $176.18 close — with one analyst noting that "even when factoring in flawless execution and strong future growth, the stock appears overvalued following recent price surges." A competing discounted-cash-flow model from Simply Wall St arrives at $187.06, putting the stock about 5.8% below intrinsic value instead. Analysts broadly cite the company's dependence on government contracts and execution risk as the key variables that could swing the outcome either way.

Wedbush analyst Dan Ives has revived his case for Palantir reaching a $1 trillion market capitalization — roughly double its current ~$415 billion valuation — pointing to three converging forces: accelerating enterprise AI adoption, Palantir's demonstrated ability to translate AI capabilities into deployable business applications, and its positioning alongside Nvidia and Microsoft as infrastructure-layer beneficiaries of the AI wave. The thesis draws support from Palantir's Q2 results, which showed revenue up 93% year-over-year to $1.94 billion, with U.S. commercial revenue surging 149% and full-year 2026 guidance raised to $8.15–$8.16 billion, implying roughly 82% annual growth. UBS separately reiterated a Buy rating and lifted its price target to $250, and 21 of 32 Wall Street analysts now carry a Buy or higher rating on the stock.

Despite the institutional enthusiasm, retail traders on Stocktwits remain notably skeptical, with commentary suggesting the rally is being artificially propped up rather than organically sustained. The divide reflects a persistent tension between Palantir's strong fundamental momentum — which institutional analysts cite as evidence the $1 trillion case is credible over a multi-year horizon — and retail concern that the stock's premium multiple leaves it vulnerable if growth decelerates or broader AI sentiment shifts.

Palantir posted 93% year-over-year revenue growth in Q2, with U.S. commercial revenue reaching $764 million (up 149% YoY) and U.S. government revenue hitting $809 million (up 90% YoY). The company's U.S. commercial customer count grew to 653, a 6% quarter-over-quarter increase, while profit margins reached 55%. Analysts expect growth to moderate to roughly 84% in Q3, reflecting an ongoing deceleration in the customer acquisition rate.

Despite the strong operational momentum, Palantir's trailing price-to-earnings ratio sits near 150x, creating a demanding hurdle for the stock to hold its current price. According to analysis from The Motley Fool, the company would need to grow earnings by more than 250% just to reach a 40x P/E multiple at the current share price, leading the author to conclude that unless Palantir sustains close to 100% annual growth for the next 18 months, the stock faces meaningful downside risk. The company's two-decade track record in AI integration across government and commercial systems provides a durable competitive position, but the valuation leaves little margin for any execution shortfall.

Michael Burry is maintaining his short positions in Palantir (PLTR), Nvidia, and Tesla, according to his Substack newsletter, and is warning of a possible "1987-type fall" for AI stocks. His core argument centers on excessive leverage: margin debt surged 50% year-over-year in June, and instruments like leveraged ETFs automatically scale up exposure as prices rise, creating the conditions for a rapid, forced unwind. Burry pointed to the near-overnight collapse of a highly leveraged AI-focused hedge fund as evidence that this dynamic is already playing out.

The Motley Fool analysis accompanying the disclosure pushes back, arguing the current AI boom is underpinned by real revenue and demand rather than speculation, and noting that Burry's put options carry expiration dates that have previously expired worthless when his crash calls failed to materialize. His bearish thesis on Palantir follows an earlier call — covered here on September 3 — in which he labeled the company an "AI FOMO consultant" and warned its market cap could fall below $100 billion.

Palantir has showcased a series of "Sovereign AI" deployments that underscore its expanding reach across both government and enterprise. Alongside NVIDIA, the company built "Command Center," a supply-chain optimization app combining Palantir's Ontology data layer with NVIDIA's cuOpt library; NVIDIA fine-tuned its smaller Nemotron 3.5 Lightning model for the workflow and found it outperformed the larger Ultra variant, with the deployment running on-premises under the Palantir Sovereign AI Operating System branding. Cisco President Jeetu Patel separately announced that Palantir's cybersecurity Ontology model will be offered through Cisco's AI Factory with NVIDIA, pairing post-trained Nemotron models with Cisco's GPU, networking, and security infrastructure. On the government side, the FAA is using Palantir to power "Flight Plan 2026," unifying previously siloed data sources — weather feeds, incident reports, and air-traffic-control audio — into a single ontology for nationwide safety-risk monitoring.

The common thread across these deployments is Palantir's pitch that enterprises and agencies should own and control their AI stack rather than depend on frontier cloud models. The FAA win reinforces the government modernization pipeline that has long anchored Palantir's revenue, while the NVIDIA and Cisco collaborations signal growing momentum in commercial operational technology. Additional customer examples disclosed at the same event — including a chemicals manufacturer attributing $300 million in EBITDA improvement partly to Palantir's platform and a defense contractor that cut a supply-chain analysis from three months to ten minutes — suggest the Ontology-centric approach is gaining measurable traction beyond headline partnerships.

Michael Burry, the investor known for betting against the 2008 housing bubble, has leveled a pointed critique at Palantir, characterizing the company as "a consultant riding a bubble of AI FOMO demand" rather than a genuine software business. His central argument rests on deferred revenue metrics: Palantir's ratio of 31% resembles consulting giant Accenture far more than SaaS peers like Salesforce, which post ratios of 80–207%. Burry called this comparison the "kidney punch" to Palantir's software-company narrative. He also flagged accounts receivable climbing to $1.49 billion from $1.04 billion year-over-year, with one customer accounting for 27% of receivables despite contributing under 10% of revenue — a pattern he views as consistent with channel stuffing or extended payment terms.

On valuation, Burry warned that Palantir's $407.2 billion market cap "could crash below $100B," arguing the stock price itself has become the core of the business model rather than underlying fundamentals. He also highlighted $1.6 billion in pretax GAAP income against zero federal taxes paid — made possible by $9 billion in net operating loss carryforwards and $1.6 billion in stock-based compensation deductions — and singled out CEO Alex Karp's $17.2 million in personal aircraft expenses, double the prior year, as an example of what he called "profligate" capital stewardship.