The GraniteShares 2x Long PLTR Daily ETF (PTIR) closed down 3.74% at $131.18 on December 31, as Palantir Technologies faced a challenging trading session. Palantir's stock, a major component of the ETF, saw a decline of 1.08% to $76.35 amid concerns over its high valuation and technical indicators suggesting a potential pullback. The stock's recent inclusion in major indices like the Nasdaq-100 has increased its visibility but also heightened scrutiny from investors wary of its lofty valuations. Despite a 350% surge in its stock price this year, analysts remain cautious about sustaining this growth into 2025, with some predicting a potential 43% drop in share price. The market's cautious outlook was further underscored by a 2.4% decline during midday trading on December 30, 2024.