Burry Bets Against Palantir, Nvidia After Trump Post
Why it matters: Michael Burry is betting Palantir's $128.06 share price will fall below $50, impacting investors holding the stock.
- Michael Burry confirmed he continues to hold long-dated put options on Palantir Technologies (PLTR), specifically June 17, 2027, Strike Price 50 Puts and December 19, 2026, Strike Price 100 Puts, believing the company's fundamental value is well under $50/share.
- President Donald Trump praised Palantir on Truth Social, stating the company "has proven to have great warfighting capabilities," which briefly lifted the stock from its intraday lows.
- Palantir Technologies (PLTR) experienced a 13.7% weekly drop, bringing its 2026 losses to about 28%, despite Trump's endorsement, marking its worst week in over a year as the Iran conflict continues, per CNBC.
- Michael Burry also increased his bearish position on Nvidia (NVDA), buying January 27 Strike 115 puts at 3.30, preferring limited maximum loss over outright shorting.
- Palantir CEO Alex Karp previously called Burry's bearish wagers against Palantir and Nvidia "super weird" and "bats--- crazy" last year.
Despite a public endorsement from former President Donald Trump that temporarily boosted Palantir's stock, famed investor Michael Burry is doubling down on his bearish bet against the AI software firm, citing its "wildly overvalued" status and a belief its fundamental value is less than half its current price. Burry also increased his short position on Nvidia, while Palantir's stock suffered a 13.7% weekly drop, its worst in over a year, amid broader software sell-offs and ongoing Iran conflict speculation.
