Palantir, Nvidia and AI stocks
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Palantir CEO Alex Karp slammed short sellers in an interview on CNBC's "Squawk Box" on Tuesday. "These people claim to be ethical, they are actually shorting one of the best businesses in the world," he said.
The two companies he’s shorting are the ones making all the money, which is super weird,” Alex Karp told CNBC’s “Squawk Box” on Tuesday.
Michael Burry, famed for predicting the 2008 crisis, has invested $1.1 billion against Nvidia and Palantir, warning of an impending AI market downturn. Explore the implications of his bets and insights on the AI bubble and potential market correction.
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Michael Burry, Predictor Of 2008 Housing Crisis, Targets AI With $1.1 Billion Bet Against Nvidia And Palantir
His fund, Scion Asset Management, has revealed bearish positions on Nvidia Corp and Palantir Technologies, two of the leading stocks in the AI rally that has propelled US equities to record highs.
Michael Burry, who shorted the housing market in 2008, has bet over $1 billion that the shares of AI companies Nvidia and Palantir will fall.
Palantir Technologies Inc. continues to sparkle with robust revenue growth, stellar free cash flow. Click here to read why PLTR stock is a Sell.
Michael Burry, famed for predicting the 2008 financial crisis, has taken a $1.1 billion short position against Nvidia and Palantir amid a surge in tech market volatility. Explore the implications of his bearish stance and reactions from industry leaders like Palantir's CEO Alex Karp.
Michael Burry, the famed investor behind “The Big Short,” is betting artificial intelligence is more of a bubble than a revolution.
Meanwhile, Veteran analyst Stephen Guilfoyle credits Palantir’s growth to strong fundamentals, noting, “Sales are running wild as are margins. The commercial business is exploding. Cash flows are not just robust; they are enormous. The balance sheet is simply the greatest balance sheet I can remember seeing. The CEO is focused and aggressive.”
Michael Burry is the billionaire investor famous for predicting the 2008 housing crash immortalized in the book and movie titled, “The Big Short.” While he doesn’t always short stocks — Burry’s Scion Asset Management hedge fund just bet big on Molina Healthcare (NYSE:MOH) — it seems that Burry has turned his skeptical eye toward the
Palantir Technologies' valuation is detached from its fundamentals, making its risk/reward profile deeply unattractive. Click here to read why PLTR is a Sell.