The article advises Palantir shareholders not to sell simply because the stock has soared, but also not to hold blindly. Its second-quarter 2026 results were strong, with revenue up 93% year over year to $1.94 billion and an adjusted operating margin of 62%. However, with the stock closing at $200.50 on Oct. 15, 2026, a market capitalization of about $482 billion and a trailing P/E of around 171, investors are paying a substantial premium for continued success. The article suggests asking whether you would buy at today's price, whether Palantir has become too large a share of your portfolio (a 30% position falling 50% would cut the portfolio by 15%), and whether the investment thesis has changed. Holding can be reasonable if the outlook and position size still make sense, while trimming may be sensible if the stock dominates the portfolio or the valuation leaves little room for disappointment.
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