Palantir

PLTR

Market cap $341B

After correcting more than 40% in the last several months, Palantir Technologies' shares are again gaining momentum.

Peter Thiel left a lot of money on the table with PayPal. But he's sticking with Palantir -- which still has plenty of room to grow.

Technology sector leaders across software and semiconductors are approaching a potential inflection point, as BTIG Chief Market Technician Jonathan Krinsky outlines a contrarian shift favoring software over chip stocks.

Dr. Michael Burry of The Big Short fame doesn't seem to be willing to back down as a bear in the epic tug-of-war with Palantir (NASDAQ:PLTR | PLTR Price Prediction) shareholders and the great CEO Alex Karp.

Palantir originally built its reputation through its relationships with government agencies involved in national defense. A high valuation is also an obstacle, but only in the near term.

Palantir's AIP platform is driving triple-digit percentage growth in its U.S. commercial business. Its Maven offering becoming a "program of record" points to long-term, durable revenue baked into defense budgets.

Palantir has become one of the U.S. government's most important government contractors. Meanwhile, the commercial sector has become its biggest growth driver.

Nvidia is now much more than a GPU maker. Broadcom has a huge opportunity with custom artificial intelligence (AI) chips.

Peter Thiel spent the early days of his career co-founding technology companies. He brought the knowledge he gained in the tech sector into the venture capital world.

Palantir's business is firing on all cylinders. Forward stock dilution will be a headwind for shareholders.