00:00It's Benzinga bringing Wall Street to Main Street.
00:02Michael Burry said Friday he is maintaining his bearish position against Palantir and
00:06holding long-dated put options, according to CNBC. Burry said he continues to hold long-dated
00:11put options on the artificial intelligence software firm after first betting against
00:15it in the fall of 2025 and repeatedly rolling the position. He said he owns June 17, 2027,
00:21$50 puts and December 19, 2026, $100 puts and is not selling them. His comments followed a
00:27truth social post from Trump praising Palantir, which lifted the stock off intraday lows.
00:31Shares still fell 13.7% for the week and are down about 28% in 2026, closing Friday at
00:37$128.06.
00:38Burry said the stock peaked near $200 last year and remains wildly overvalued,
00:42with a fundamental value under $50 per share. He also said he increased his bearish position
00:47on NVIDIA by buying January 27, $115 on puts. For all things money, visit Benzinga.com.
Comments