Burry Bets Against Palantir After Trump Post
Why it matters: Michael Burry's bet against Palantir continues despite a Trump-induced stock boost.
- Michael Burry continues to hold long-dated put options on Palantir, betting against the AI software firm.
- Donald Trump's praise for Palantir boosted its stock, according to the main story.
- Palantir's stock was down 14% this week, as reported by CNBC, coinciding with the Iran conflict.
Michael Burry, known for 'The Big Short,' confirms he maintains long-dated put options against Palantir, even as the stock received a boost from a Trump post. This comes despite Palantir's stock being down 14% this week amid the ongoing Iran conflict, as noted by CNBC.
