Palantir’s ‘Otherworldly’ Surge Is Pricing In the Next Decade of Miracles. That Should Terrify You.
Palantir’s stock surge isn’t pricing in what the company has done — it’s pricing in a decade of hoped-for commercial miracles. The real moat isn’t AI; it’s deep embeddedness in national security workflows, a position that’s both unassailable and fragile. When the market agrees a company can’t fail, that’s precisely when the downside becomes asymmetric.