To The Moon

Palantir's Q3 2025 earnings report demonstrated robust growth momentum, with overall performance significantly exceeding market expectations. We rate this performance as "Outstanding." Revenue surged 63% year-over-year to $1.18 billion, while adjusted earnings per share reached $0.21, both substantially surpassing analyst consensus. A key highlight was the 121% jump in U.S. commercial revenue, driven by rapid adoption of its AI platform AIP and major deal signings. However, underlying concerns emerged despite robust fundamentals, as the stock experienced significant post-market volatility, swinging from a +7% gain to a -4% loss. This may reflect market apprehension over the company's elevated valuation (currently trading at over 138 times price-to-sales) and a "buy the rumor, sell the fact

The recent sharp correction in the stock prices of alternative asset management giants like KKR, Blackstone, and Blue Owl has put the spotlight firmly on the rapidly expanding private credit sector. As investors fret over potential defaults in a "higher-for-longer" interest rate environment, the key question remains: Is this a "buy the dip" opportunity on fundamentally strong franchises, or a warning sign of deeper, systemic issues within private credit? The Cause of the Jitters: Private Credit Under Pressure The core concern revolves around the $3+ trillion private credit market, specifically its exposure to leveraged companies struggling with elevated borrowing costs.  * Higher Interest Rates: Most private credit loans are floating-rate. While this has boosted fund yields significan