tech
Michael Burry says he's still betting against Palantir after Trump post boosts stock
The investor of the "Big Short" fame said he continues to hold long-dated put options on the artificial intelligence software firm.
TL;DR
- Michael Burry continues to hold long-dated put options against Palantir Technologies.
- He believes Palantir is "wildly overvalued" and its fundamental value is less than $50 per share.
- Donald Trump's endorsement on Truth Social temporarily boosted Palantir's stock, but it still suffered a weekly drop.
- Burry also increased his bearish position on Nvidia, buying more put options.
- Palantir's stock has faced a 13.7% weekly drop and approximately 28% losses for 2026 prior to Trump's comments.