Right. Palantir (PLTR 1.07%). It was doing so well yesterday. Seriously, briefly considered a small celebration. A single oat biscuit, perhaps. But today… today it’s down 1.4% as of 11:45 a.m. ET. The S&P 500 is off 1.6%, Nasdaq Composite a hefty 1.8%. It had been down 4.8% earlier. 4.8%! Honestly, one feels a bit breathless just thinking about it.
Turns out, global markets are being… unsettled. By events in the Middle East. Which, obviously. One had hoped for a quiet week. One always hopes for a quiet week. But no. And Palantir, despite its… interesting position in the defense industry, isn’t entirely immune. Which, logically, one knew. Still, one had a tiny, irrational hope.
Palantir: A Dip and a Worry
Yesterday, despite the U.S. and Israel conducting joint strikes and Iran responding with… well, strikes of its own, Palantir actually closed in the green. A small victory. A tiny, fragile bloom in a field of geopolitical angst. Today, though? It’s giving back those gains. Investors are, understandably, weighing the potential impacts of a sustained conflict. One is doing the same. Mostly weighing the impact on one’s portfolio. It’s a very selfish impulse, I know.
And then there’s the Strait of Hormuz. Apparently, it’s closed. A crucial shipping region. Oil prices are rising. Quickly. Investors are adopting “cautious positioning.” Which, translated from finance-speak, means “panic is bubbling just beneath the surface.” One is attempting deep breathing exercises. It’s not helping much.
What Now? (A List, Because Lists Are Calming)
Palantir’s market capitalization is roughly $342 billion. Which is… a lot. It’s trading at approximately 47 times this year’s expected sales, and 108 times this year’s expected earnings. Which is… even more. It’s a growth-dependent valuation. One feels a slight tremor of anxiety just typing that. A very slight tremor.
Despite all this, Palantir has, surprisingly, held up relatively well amid all the geopolitical fuss. Its role in providing AI and analytics to U.S. defense agencies is helping, apparently. But it could still face pressure if bearish sentiment intensifies. Which it probably will. It always does. If the Middle East situation causes inflation to run higher (and it might) and leads to hawkish developments on interest rate policy (and it probably will), Palantir could see stronger downside momentum. One is mentally preparing for the worst. It’s a very draining process.
Units of Cryptocurrency Lost: 0 (so far). Hours Spent Watching Charts: 7. Number of Panicked Texts to Friends: 18. Number of Oat Biscuits Consumed: 3. Level of General Anxiety: Elevated.
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2026-03-03 19:54