The investor bought Palantir ($PLTR) at $125.85, noting that the $120 range has been respected as a strong dip-buying opportunity throughout the year. They view the broader SaaS sell-off as a market inefficiency, highlighting Palantir's 85% revenue growth last quarter, high margins, and partnership with Nvidia to deliver open-source models. However, they warn that negative earnings from other software companies like IBM could drag Palantir down in the short term due to algorithmic trading.