You ever watch a firework go up so fast and so bright that for a second, you forget the part where it has to explode? That’s what I see when I look at Palantir right now. It’s dazzling, it’s loud, it’s impossible to ignore, and the crowd is cheering like they’ve already seen the grand finale. The only problem? We’re still mid-air, and gravity hasn’t had its say yet. Palantir Technologies—this once-shadowy data analytics company turned AI darling—has been on an absolute tear. I mean, the numbers are insane. We’re talking 340% in 2024, and as if that wasn’t enough, another 130% already in 2025. That’s not growth, that’s a rocket booster strapped to a rocket booster. And sure, when you report your first quarter with over a billion dollars in revenue, with 48% year-over-year growth, and U.S. commercial contracts jumping by more than 200%, it’s not hard to see why people are drunk on the story. But here’s where my alarm bells start ringing: the story is so intoxicating, so perfectly built ...