Government ContractsRevenue recognition from government-related contracts has proven lumpy and execution spotty, raising questions about the sustainability of Palantir's government revenue programs.
Market SensitivityPalantir shares have been particularly sensitive to the tech selloff, which suggests that some investors likely already began taking profits.
ValuationPalantir is trading at a $68 billion market capitalization compared with Snowflake’s $38 billion, even though Snowflake has greater revenue and is growing at a similar rate in the same data analytics end-market.