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International Business Times UK
International Business Times UK
Niloy Chakrabarti

Michael Burry's Brutal Take On Palantir: 'A Sand Castle Supported Only By AI Applications Narrative'

Michael Burry believes Mag 7 stock will artificially inflate their balance sheets through 2028. (Credit: YouTube.com)

Days after detailing how Elon Musk's deal with Nvidia, supported by a $3.5 billion debt from Apollo, is putting the retirement funds of Americans at risk, The Big Short's Michael Burry came down heavily on Palantir Technologies again in a new late Tuesday Substack post.

Palantir shares fell 5.2% on Tuesday and another 1.7% during premarket hours on Wednesday despite global equity indexes rising amid the AI rally. Burry believes the stock price could fall further in the near term.

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