The S&P 500 Index ($SPX) is among the most popular equity indices in the world. It provides you with exposure to roughly 500 of the largest companies in the U.S., which are weighted on the basis of market cap.

As a software company, Palantir has best-in-class gross margins above 80%. This has enabled the company to expand its operating margin to around 12% over the past 12 months and 16% last quarter. As we will see, looking at Super Micro Computer can't compete with Palantir when it comes to the unit economics of its business.

The stock is now down more than 25% for the year and more than 80% from its all-time high, set earlier this year. With that kind of decline, some investors may wonder if it's a stock with some value in it.