Short-Seller Andrew Left Targets Palantir, Backs Databricks in AI Shift

Andrew Left, the founder known for his sharp market calls, has turned his attention to Palantir Technologies (PLTR), calling its valuation "so absurd" that a 50% correction is inevitable. His mid-August warning on Fox Business has already seen Palantir's stock drop 18%, validating his bearish stance. Left, however, is no longer focused solely on short-selling; he’s now identifying long-term opportunities in the AI space.

Databricks, a $100 billion cloud-based data intelligence firm, has emerged as Left’s preferred alternative. He argues that Databricks operates a true SaaS model, grows faster than Palantir, and isn’t reliant on government contracts. "If you ask someone, aside from the hyper scalers, who the biggest competition for Palantir is going to be, it’s going to be Databricks," Left told Business Insider.