Michael Burry Returns With 2 Big Shorts
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Palantir Technologies Inc. shares dropped almost 8% on Tuesday, tumbling on concerns about the company’s lofty valuation and the sustainability of the AI rally, even after it topped analyst estimates for third-quarter sales and raised its annual revenue outlook.
Michael Burry calls the AI boom a repeat of the 2000 dot-com bust, revealing $1B in bearish bets against Nvidia and Palantir.