The GraniteShares 2x Long PLTR Daily ETF (PTIR) closed down 9.78% on January 6th, ending the day at $131.14 as Palantir Technologies faced significant market pressure. Morgan Stanley's downgrade to an underweight rating, with a $60 price target, signaled a potential 25% downside, contributing to the stock's decline. Palantir's shares, which surged 340% last year due to AI-driven momentum, are now under scrutiny as analysts question the sustainability of its growth at current valuations. Additionally, Insight Wealth Strategies LLC reduced its stake in Palantir by 12.5% in the fourth quarter, reflecting broader investor caution.