Michael Burry’s Bearish Call on Palantir Sparks Market Reaction
Palantir shares extended their slide after Michael Burry, the investor immortalized in 'The Big Short,' questioned the company's valuation. The stock fell nearly 5% to $129, with Burry suggesting a fundamental value of $46. His Substack critique cited inflated margins and unsustainable spending—though he clarified he isn't shorting the stock, only holding put options.
Wall Street analysts remain bullish despite the bearish sentiment, highlighting the divergence between institutional skepticism and retail optimism. The downturn follows Palantir's retreat from November highs, underscoring the volatility in high-growth tech stocks.