John Ingham will be watching Palantir (PLTR) and its backlog, along with how the company will deliver on it, as valuations mount in the AI software giant's stock. He argues the company needs to not only beat but by a massive margin to wow investors after Monday's close. However, John adds that Palantir is already demonstrating a strong use case for AI as some companies struggle to justify costs. Tom White turns to an example options trade for Palantir ahead of earnings.