Michael Burry says he's still betting against Palantir after Trump post boosts stock
Michael Burry maintains bearish stance on Palantir despite stock boost.
Michael Burry, known for his role in 'The Big Short', is maintaining his bearish position against Palantir Technologies, despite a recent endorsement from President Donald Trump that temporarily boosted the stock. In a Substack post, Burry confirmed he is holding long-dated put options on Palantir, which he has been betting against since the fall of 2025, asserting that the company's fundamental value is significantly lower than its current trading price of around $127 per share.
Key Takeaways
- 1.
Michael Burry holds long-dated put options on Palantir, betting against it since fall 2025.
- 2.
Palantir shares are down approximately 28% in 2026, despite a recent stock boost from Trump's comments.
- 3.
Burry believes Palantir's fundamental value is under $50 per share, significantly lower than its current trading price of around $127.
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