There’s also Palantir’s commercial side, where its Foundry operating system and Artificial Intelligence Platform provide tools to help companies manage their data operations. Bears look past those numbers to a Mauna Kea-sized price-to-earnings ratio of 137, a valuation that, to them, simply doesn’t add up. Notably, they flagged OpenAI, Anthropic and other AI companies angling to win more government and defense contracts, which would potentially dent market share. Meanwhile, bulls see Palantir’s US momentum as so strong that it can overcome concerns overseas:For example, Germany and France recently pledged to explore developing an alternative to Palantir’s defense software. No, Non, Nein: Last week, the Green Party in the German state of Baden-Württemberg voted to reject the use of Palantir software.