Palantir Technologies shares have has become a focal point of market debate in recent sessions. A new short-seller report clashes with bullish catalysts from government and enterprise sectors.

Overall, the Trump administration's push for increased immigration enforcement, Palantir's history as a high-tech defense contractor, and co-founder Peter Thiel's status as a deep-pocketed Republican donor all mean the company is likely to see increased business from the government during the current administration.

Palantir is riding twin engines of growth with its commercial and government contracts. Will it be enough to sustain its valuation?