Palantir’s $100 support breaks as war premium unwinds and Michael Burry’s $46 target looms

Palantir’s stock is now tracking toward $100 after breaking below key technical support, as the short-term boost from geopolitical risk unwinds and scrutiny over valuation intensifies. The retreat follows the collapse of the ‘war premium’ that lifted shares earlier this year, when escalating tensions involving Iran raised expectations for increased defense and intelligence spending. Palantir, with its established role in government and military contracts, was a primary beneficiary of that surge. But the announcement of a ceasefire has reversed the narrative, cooling speculative demand and exposing underlying concerns. Michael Burry’s public critique amplified the shift, drawing attention to Anthropic’s rapid revenue growth and questioning whether Palantir can justify its premium valuation amid rising competition. His $46 price target now looms as a bearish reference. Even as the company reports strong revenue across commercial and government segments, the market is no longer rewarding growth without clear paths to profitability. Investor focus has pivoted to capital efficiency, and Palantir’s reliance on government contracts introduces added sensitivity to political and budgetary cycles. Technically, the breakdown below the 50-week simple moving average has shifted momentum, with former support levels now acting as resistance. A failed rebound at the 100-day moving average near $155 confirmed selling pressure, and a break below the 200-day moving average would clear the way for a retest of $100 as the next major downside threshold.