1. Palantir's stock has surged to $117 per share, exceeding initial bullish expectations; 2. Despite strong revenue growth, the stock's valuation has reached mania-like levels; 3. The company's AIP platform is valuable but future growth expectations seem optimistic; 4. The current market cap and valuation multiples are unsustainable; 5. A 'Strong Sell' rating and short call are recommended.