Palantir Stock (PLTR): What to Know Before the Market Opens on Monday, November 24, 2025

Palantir Technologies (ticker: PLTR) heads into the new trading week as one of the most controversial – and closely watched – AI stocks on Wall Street. After hitting an all‑time intraday high around $207 on November 3, the shares have slid to about $155 as of Friday’s close, a drop of roughly 25% in just a few weeks. ^[1]

At the same time, Palantir has just delivered what its CEO Alex Karp calls otherworldly” growth, raised guidance again, signed new government and commercial AI deals, and launched a deeper partnership with Nvidia – all while waging a very public war of words with famed short‑seller Michael Burry. ^[2]

Here’s a detailed look at what investors should know about Palantir stock before the U.S. market opens on Monday, November 24, 2025.

1. Where Palantir Stock Stands After Friday’s Close

Last close (Friday, Nov. 21, 2025):
Palantir ended the week around $154.85–$156 per share, after a volatile stretch that saw multiple daily moves of 3–6%. ^[3]
Pullback from record high:
From its early‑November peak near $207, the stock is down roughly 25%, erasing part of a spectacular year‑to‑date rally. ^[4]
Still a massive winner in 2025:
Even after the sell‑off, Palantir shares remain up well over 100% this year, making PLTR one of 2025’s standout large‑cap AI names. ^[5]
Recent weekly trend:
Over the past week, Palantir slid from the low $170s to the mid‑$150s, a retreat of roughly 10%, as investors reacted to valuation concerns, an analyst downgrade, and heightened AI‑bubble chatter. ^[6]

Going into Monday’s open, sentiment is mixed: bulls see a powerful AI platform that’s simply cooling after an euphoric run, while bears argue the stock still prices in perfection.

2. Why Palantir Shares Have Fallen About 25% From Their Peak

Despite blockbuster fundamentals, three big forces have driven the recent correction:

A. Extreme valuation and AI‑bubble fears

Palantir trades at eye‑watering multiples. One recent analysis put the stock at roughly 338× earnings and 436× EBIT, with trailing 12‑month revenue of about $3.9 billion. ^[7]
Reuters estimates Palantir’s forward P/E at ~246×, compared with about 33× for Nvidia – itself hardly cheap – underlining how much future growth is already priced in. ^[8]
A Spanish business outlet highlighted the gap between Palantir’s fundamentals and its market value: record quarterly revenue of about $1.2 billion and full‑year sales guidance around $4.4 billion, versus a market capitalization that recently hovered in the $400–$500 billion range. ^[9]

These numbers feed into a broader fear that parts of the AI trade – and Palantir in particular – may be in bubble territory, especially after such a steep 2025 rally. ^[10]

B. Post‑earnings sell the news”

Palantir’s Q3 2025 report smashed expectations (more on that below), and the stock initially surged to new highs. But within days, a combination of profit‑taking and macro jitters hit high‑multiple AI names, and Palantir slid sharply even as its underlying numbers improved. ^[11]

C. Short‑seller overhang and CEO backlash

News that Michael Burry’s Scion Asset Management had taken large put positions on Palantir and Nvidia, with a notional value around $1.1 billion, spooked some momentum‑oriented investors and crystallized AI‑bubble worries. ^[12]

Karp’s aggressive response – publicly blasting Burry and accusing short sellers of market manipulation” – has turned Palantir into a lightning rod in the bull‑vs‑bear debate and may be adding volatility. ^[13]

3. Otherworldly” Q3 2025: Palantir’s Fundamentals Are on Fire

Under the surface of the stock’s pullback, the business just turned in arguably its strongest quarter ever.

Headline numbers

For Q3 2025, Palantir reported: ^[14]

Revenue: $1.18 billion
- +63% year‑over‑year
- +18% quarter‑over‑quarter
Adjusted EPS: $0.21
- Ahead of analyst estimates around $0.17
U.S. commercial revenue: $397 million
- +121% year‑over‑year, 29% sequential growth
U.S. government revenue: $486 million
- +52% year‑over‑year
Rule of 40 score: 114% – an extremely rare level for a mature software company, combining high growth with strong margins. ^[15]
Adjusted operating margin: ~51%
Adjusted free cash flow: about $540 million in the quarter and $2 billion on a trailing‑12‑month basis. ^[16]

Karp described the quarter as arguably the best any software company has ever delivered,” reflecting both breakneck growth and sharply improved profitability. ^[17]

Guidance: another raise

Management raised guidance for the third straight quarter, now expecting: ^[18]

Q4 2025 revenue: $1.327–$1.331 billion (about +61% year‑over‑year), above prior Street estimates.
Full‑year 2025 revenue: $4.396–$4.40 billion, up from $4.14–$4.15 billion previously.

In other words: the fundamentals are accelerating, not slowing – the debate is whether the price already assumes years of near‑flawless execution.

4. New AI Deals and Product Launches to Watch

Heading into Monday’s open, Palantir’s recent contracts and product updates are key to understanding the long‑term story.

A. Deepening partnership with Nvidia

In late October, Nvidia and Palantir announced a strategic collaboration to build an integrated technology stack for operational AI.” ^[19]

Key points:

Palantir’s Ontology and AI Platform (AIP) will integrate:
- Nvidia accelerated computing,
- CUDA‑X data‑science libraries, and
- open‑source Nemotron models.
The stack is designed to power specialized AI agents and automation for complex environments in retail, healthcare, financial services, and government.
Lowe’s is an early lighthouse customer, using Palantir + Nvidia to create a digital twin of its global supply chain and optimize logistics in real time. ^[20]

For investors, this partnership strengthens the perception of Palantir as part of the AI infrastructure layer, not just another application vendor.

B. Multi‑billion‑dollar U.S. Army framework

Back in July, the U.S. Army consolidated dozens of contracts into a single enterprise agreement with Palantir, giving the Army the option to purchase up to $10 billion of software and services over 10 years. ^[21]

The deal does not guarantee $10 billion of revenue; it creates a framework (and volume discounts) for future task orders.
The Army says the goal is to shorten procurement timelines and deploy data‑integration and AI tools more quickly. ^[22]

Separately, Palantir management has noted that the U.S. Army issued a directive instructing all Army organizations to use its Vantage platform, further embedding Palantir in U.S. defense workflows. ^[23]

C. U.S. Treasury and other government workloads

The U.S. Treasury Department recently highlighted progress in IT modernization efforts and noted that it awarded a contract to Palantir to build a Unified API Layer” – a common interface that supports developer platforms, workflow automation, and data analytics for federal staff. ^[24]

This may not be as headline‑grabbing as the Army deal, but it reinforces Palantir’s positioning as a go‑to provider of secure data infrastructure for U.S. federal agencies.

D. Fox News AI newsroom tools

Axios reported that Fox News Media has been working with Palantir for the past year to build custom AI tools for its digital newsroom. ^[25]

Palantir engineers are embedded inside Fox News’ workflow to:
- build a digital twin” of the newsroom,
- automate tagging and SEO tasks,
- and provide analytics on article performance.
The deal is structured as a pure commercial relationship, with Fox retaining control of its content for IP reasons. ^[26]

This is a notable proof‑point for Palantir’s commercial AI push beyond industrial and government clients.

E. New AIP features: AI FDE and AIP Analyst

Palantir’s November product announcements show how fast its platform is evolving: ^[27]

AI FDE (AI Forward Deployed Engineer):
- Lets users operate Palantir’s Foundry platform via natural‑language commands, automating tasks like data transformations, ontology editing, and code management while respecting permissions and governance.
AIP Analyst:
- A chat‑based application that lets users explore data in the ontology, run aggregations, generate SQL, and visualize results – with full transparency into each step of the analysis.

These features reinforce Palantir’s pitch that enterprise AI at scale requires its full stack – data integration, governance, and operational workflows, not just standalone models.

5. The Michael Burry vs. Alex Karp Battle

The Palantir story” heading into Monday isn’t just numbers; it’s narrative – and that narrative is currently dominated by a public feud.

Burry’s big bet against AI

Regulatory filings show Michael Burry’s Scion Asset Management took large put positions referencing:

5 million Palantir shares, and
1 million Nvidia shares,

with a combined notional exposure around $1.1 billion, effectively betting against some of the market’s hottest AI names. ^[28]

Burry has been outspoken about:

excessive AI‑related capex and long depreciation schedules at big tech firms,
and the risk that earnings are overstated because AI hardware becomes obsolete faster than accounting rules assume. ^[29]

Karp’s response: bats‑t crazy” and market manipulation”

Palantir’s CEO has fired back repeatedly:

In a CNBC interview covered by multiple outlets, Karp called Burry’s decision to short Palantir and Nvidia bats‑t crazy”, arguing that betting against chips and Palantir’s ontology is tantamount to shorting the core of the AI economy. ^[30]
In other comments, he labeled short selling egregious,” vowed to make short sellers poorer,” and suggested recent trading action amounted to market manipulation.” ^[31]

Burry, for his part, has hinted that his fund is being wound down and that he may be exiting positions, while maintaining his broader skepticism about AI valuations. ^[32]

Does this matter for Monday’s open?

Fundamentally, short sellers don’t change Palantir’s revenues or margins – they influence who owns the stock and how volatile the price may be. Some analysts have criticized Karp’s comments as a distraction from execution, pointing out that short sellers can’t damage a company if the underlying business keeps performing. ^[33]

Still, the feud has:

sharpened the bull/bear divide,
amplified social‑media attention on PLTR,
and likely contributed to the stock’s recent 20–25% swings.

Traders should expect headline‑driven volatility to continue as long as this narrative is in play.

6. Valuation Check: How Expensive Is Palantir Right Now?

Heading into Monday, almost every serious Palantir discussion comes back to one question: how much is too much?

By the numbers

Recent estimates put Palantir at roughly: ^[34]

Market cap: in the $400–$450+ billion range in November (it briefly approached ~$490 billion around the Q3 earnings spike).
Price‑to‑sales (forward): ~100–120× on some analyst estimates.
Price‑to‑earnings:
- Forward: ~246× (Reuters data).
- Some analyses suggest ~450× based on consensus earnings, depending on the timeframe and methodology used.
Growth:
- Revenue currently growing 60%+ year‑over‑year.
- U.S. commercial revenue more than doubling annually.

Even bullish research notes emphasize that current multiples are extreme” or unprecedented” for a company already among the 25 most valuable in the world by market cap. ^[35]

Analyst sentiment

An AI‑driven analyst model recently downgraded Palantir from Buy” to Hold”, cutting its price target from $232 to $188, explicitly citing stretched valuation despite strong execution. ^[36]
Other analysts remain positive but cautious, arguing that Palantir’s position in government AI, its Nvidia partnership, and its U.S.-commercial momentum may justify a premium – just not necessarily the current one. ^[37]

For Monday’s open, this means any new contract win, policy headline, or macro AI news can move the stock sharply as investors constantly reassess how much future success is already in the price.

7. What the Options Market and Recent Trading Say About Volatility

Options expiring last week (Nov. 21) were pricing in an expected move of about ±5% over just a few days, reflecting high implied volatility around the current price level. ^[38]
Recent history backs that up: in a single week this month, Palantir fell more than 11%, and in previous sessions individual daily swings of 5–7% have been common. ^[39]

In practice, that means pre‑market quotes on Monday could be markedly different from Friday’s close, especially if:

new commentary emerges around Burry’s positions,
fresh AI‑bubble think pieces hit over the weekend, or
there’s new macro news about interest rates or tech regulation.

8. Key Storylines to Watch Before the Bell on Monday, November 24, 2025

Here are the main themes likely to guide trading when PLTR opens:

1. Does the valuation reset” continue?

The stock is roughly 25% below its early‑November high but still up triple digits year‑to‑date. The open question: was that 25% drop enough to account for AI‑bubble worries, or do investors demand an even deeper discount? ^[40]

2. Follow‑through on the Nvidia partnership

Traders will be listening for:

new case studies (like Lowe’s) that show tangible ROI from the Nvidia + Palantir stack,
signs more enterprises are standardizing on AIP for operational AI, and
hints about how quickly the partnership could scale into meaningful incremental revenue. ^[41]

Any fresh commentary from either company could move the stock.

3. Government pipeline updates

The Army’s 10‑year framework and the Treasury API project have reinforced Palantir’s role in U.S. national‑security and financial data infrastructure. Investors will be watching for:

new task orders under the Army deal,
additional federal agencies standardizing on AIP or Vantage,
or international wins that mirror these U.S. contracts. ^[42]

4. The tone of media and analyst coverage

Because Palantir’s valuation relies heavily on narrative and sentiment, Monday’s trading could be influenced by:

new opinion pieces about AI bubbles or Palantir’s CEO,
follow‑up articles on Burry’s short positions and fund wind‑down,
or fresh analyst notes updating targets after the latest pullback. ^[43]

5. Retail and social‑media dynamics

Palantir has a big retail investor base, and social networks have been buzzing with memes and debates around both Burry and Karp. That retail interest can exaggerate moves – both up and down – especially around the open and close. ^[44]

9. Should Investors Buy, Sell, or Hold Palantir Before the Open?

Only you can decide what to do with your own portfolio, but going into Monday’s session, the trade‑off looks something like this:

The bullish case going into November 24

Fundamentals are exceptional:
60%+ revenue growth, expanding margins, strong free cash flow, and a Rule of 40 above 100% are extremely rare at this scale. ^[45]
Structural tailwinds:
Governments are embedding Palantir as part of their long‑term data and AI infrastructure (Army, Treasury, DoD), creating sticky, multi‑year revenue streams. ^[46]
Commercial breakout in the U.S.:
Triple‑digit growth in U.S. commercial revenue and a rapidly growing roster of large‑ticket deals (204 contracts over $1 million and 53 over $10 million in Q3) suggest AIP is gaining serious enterprise traction. ^[47]
Nvidia alliance + fast product innovation:
The Nvidia partnership and new AIP features (AI FDE, AIP Analyst) help cement Palantir’s pitch as an indispensable AI operating system rather than just another analytics tool. ^[48]

The bearish (or cautious) case

Valuation risk is enormous:
Even supporters describe the stock’s multiples as extreme,” with scenarios suggesting that even if revenue triples and margins stay high, long‑term returns may be modest unless today’s multiples hold. ^[49]
AI‑bubble sensitivity:
Palantir has become a symbol of the AI boom. That makes it acutely exposed to any shift in sentiment around AI infrastructure spending or the sustainability of current capex levels. ^[50]
Headline and personality risk:
Karp’s very public battle with short sellers can energize fans, but it also risks alienating more conservative institutional investors who prefer a lower‑profile CEO and less us‑vs‑them” rhetoric. ^[51]

Bottom Line Before Monday’s Open

Going into the November 24, 2025 session, Palantir stock sits at the intersection of spectacular execution and sky‑high expectations:

The business is hitting record revenue, raising guidance, and signing high‑profile AI deals across government, industry, and media.
The stock, however, is priced as if Palantir will remain a dominant AI infrastructure player for many years – with little room for disappointment.

For traders and long‑term investors alike, the key heading into Monday isn’t whether Palantir is good” or bad,” but whether the current price fairly reflects the extraordinary mix of growth, execution risk, and AI‑bubble uncertainty.

This article is for information and news purposes only and is not investment advice. Anyone considering Palantir should evaluate their own risk tolerance, time horizon, and diversification before making decisions.

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