1. Palantir's stock has retreated by approximately 34% due to market volatility, but its long-term business model and growth rate remain attractive. 2. Despite concerns about defense spending cuts, Palantir's government revenue is a small fraction of the DoD budget, indicating potential for growth. 3. The market may be overreacting negatively, presenting a potential buying opportunity. 4. Palantir's high valuation and strong long-term competitive advantage make it a hold despite the drawdown.