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Aanchal Sugandh

Michael Burry Is Betting Against Palantir Stock. At Least 1 Analyst Thinks It Can Gain 50% from Here.

Michael Burry Palantir Palantir Stock PLTR United States Palantir Technologies

Palantir Technologies (PLTR), the poster child of the artificial intelligence (AI) revolution, has found itself at the center of a storm stirred by none other than Michael Burry. Yes, that Michael Burry, the man who bet against the housing market in 2008 and walked away with a fortune while the rest of Wall Street went up in smoke.

This time, Burry’s Scion Asset Management dropped jaws with a $912 million put option position against Palantir. 5 million put contracts is no small whisper of doubt. His move came right after his cryptic caution to retail investors about the bubble-like exuberance floating around AI stocks.

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