Dan Ives Slams Michael Burry For Betting Against Palantir, Says He Is 'Dead Wrong'

Benzinga

Wedbush analyst Dan Ives slammed Michael Burry’s bearish bet against Palantir, calling it “dead wrong” and dismissing valuation concerns as shortsighted. Ives praised Palantir’s latest earnings as among the strongest in software and said the company is on a trajectory similar to early-stage tech giants, urging investors to focus on long-term growth.

Transcript

00:00It's Benzinga, bringing Wall Street to Main Street.

00:02Wedbush analyst Dan Ives criticized big short investor Michael Burry for shorting Palantir,

00:07calling his bearish bet dead wrong and his valuation concerns short-sighted.

00:10In a video interview with Tom Nash, he dismissed Michael Burry's bearish warnings as a larvist,

00:15praising Palantir's latest earnings as one of the strongest silver performances he's ever seen.

00:19Ives blamed Palantir's stock drop on investors' short tourism and said Burry's focus on near-term

00:24valuation repeats mistakes and overlook transformational growth sucks.

00:28Ives said Palantir's U.S. commercial growth can surpass its current size within three years,

00:34bearing its trajectory at the early stages of major tech giants and calling it the gold standard in AI.

00:39Ives urged investors to ignore short-term volatility and value Palantir based on its rapidly expanding

00:44future free cash flow trajectory. For all things money, visit Benzinga.com.

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