$Palantir Tech(PLTR.US)Many analyses point out that based on P/E or P/S ratios, PLTR is severely overvalued.

I believe we can look at another factor, which is how PLTR's clients view the company. Just four years ago, Palantir had fewer than 20 clients. Today, that number has reached 629, showing exponential growth. Equally surprising is that PLTR has lost only 2 clients, and the reasons were unrelated to the services provided. We can also see that many clients have spoken at Boot Camps, AIP, and DevCon conferences, discussing how they derive tremendous value from PLTR's services. Moreover, an increasing number of clients are expanding the value of their existing contracts, with one government contract reaching as high as $1 billion. In terms of client stickiness and loyalty, PLTR is genuinely creating value for its clients, with very high switching costs and virtually no alternatives in the market.

Therefore, if a growing client base is willing to pay for PLTR's services, I am also willing to continue investing in PLTR's stock.