But even with a 30% year-to-date decline, the $289 billion tech giant’s upcoming earnings report will be widely watched. Alternatively, PLTU could be an ideal way for aggressive traders to play Palantir earnings. Right now, we see a meaningful delta between Palantir’s ontology and frontier model incentives,” noted Mark Giarelli of Morningstar. “Palantir needs to deliver outcomes, while frontier model companies are incentivized to ‘burn’ tokens. Speaking of growth, any commentary offered by Palantir on long-term growth could be a spark for PLTU even though the ETF is inherently a short-term instrument.