CNBC·2025-11-04 14:30Core Viewpoint - Palantir's CEO Alex Karp criticized short-sellers, particularly Michael Burry, for betting against Palantir and Nvidia, arguing that these companies are performing well in the AI sector [1][3][6] Company Performance - Palantir's shares fell approximately 8% in premarket trading despite beating Wall Street estimates for Q3 and providing positive guidance [2] - The company's stock had increased by 173% year-to-date prior to the recent trading session, with a forward price-earnings ratio of 228 [2] Short-Selling Activity - Michael Burry's hedge fund, Scion Asset Management, disclosed put options valued at about $912 million against Palantir and $187 million against Nvidia as of September 30 [3] - Karp suggested that Burry's short positions might be a strategy to exit his investments without incurring significant losses [4] Market Sentiment - There is growing investor caution regarding high valuations in AI-related stocks, contributing to the decline in Palantir's share price [2] - Karp expressed concerns about potential market manipulation related to short-selling activities, emphasizing the strong performance of Palantir [6]