Michael Burry attends “The Massive Quick” New York premiere on the Ziegfeld Theater in New York, Nov. 23, 2015.
Andrew Toth | Filmmagic | Getty Photos
Michael Burry is sticking together with his bearish wager towards Palantir Applied sciences, even after a public endorsement from President Donald Trump helped carry the inventory.
The investor of the “Massive Quick” fame stated in a Substack submit Friday that he continues to carry long-dated put choices on the unreal intelligence software program agency. Burry stated he began betting towards the corporate within the fall of 2025 and has repeatedly rolled the place.
“I now personal the June 17 2027 Strike Worth 50 Places and the Decembers 19, 2026 Strike Worth 100 Places. I’m not promoting these in the present day,” Burry wrote.
Burry’s feedback got here after Trump praised Palantir in a Reality Social submit on Friday, boosting the inventory off its intraday lows. Nonetheless, the shares suffered a 13.7% weekly drop, bringing their 2026 losses to about 28%.
“Palantir Applied sciences (PLTR) has confirmed to have nice warfighting capabilities and gear,” Trump wrote. “Simply ask our enemies!!!”
The famed investor stated the inventory has weakened since reaching a peak close to $200 final yr and stays “wildly overvalued.” Whereas acknowledging the potential for a near-term rally, Burry contended that the corporate’s elementary worth is lower than half of what it is value now.
“Trump’s submit rallied the inventory after the inventory had fallen 18% the final three days. The inventory might catch a wind right here. It has been promoting off with software program shares. As talked about, I proceed to carry the places, as I consider the basic worth of this firm is effectively beneath $50/share,” he stated. Palantir closed Friday at $128.06 per share.
Some view Palantir as a beneficiary of the Iran conflict as a result of quantity of enterprise the software program and providers vendor has with the U.S. navy and intelligence businesses.
Throughout Trump’s second administration, the corporate has been securing new authorities contracts and deepening its work with the Pentagon, whereas CEO Alex Karp has maintained common engagement with the administration regardless of earlier tensions.
Final yr, Burry’s former hedge fund, Scion Asset Administration, disclosed bearish positions towards Palantir and AI darling Nvidia, which prompted a pointy response from Karp, who known as Burry’s wagers “tremendous bizarre” and “bats— loopy.”
Burry additionally revealed on Friday that he elevated his bearish place on Nvidia.
“I added to my NVDA places, this time shopping for the January 27 Strike 115 places at 3.30. Implied Volatility is excessive, so I considered shorting it outright,” he stated. “Nonetheless, I like the utmost loss being restricted, and time decay – also referred to as theta decay – will not be vital till 2 months out. I’d think about rolling earlier than that if essential.”
