Yahoo Finance·2025-11-04 23:04Core Viewpoint - Michael Burry, known for predicting the 2008 housing crisis, is taking a significant bearish position against AI companies Palantir Technologies and NVIDIA, raising concerns in the market [1][5]. Company Summary Palantir Technologies - Palantir's stock has increased by 155% year-to-date, reaching a 52-week high following strong Q3 earnings [2][3]. - Following the news of Burry's put options, Palantir's stock price fell by 8% [3]. - Burry has purchased put options covering approximately 5 million shares of Palantir, valued at around $912 million, which constitutes 66% of his firm's assets under management [5]. - Palantir reported $1.18 billion in revenue for the quarter, reflecting a 63% year-over-year increase, and raised its full-year guidance to $4.4 billion [5]. NVIDIA - Burry also holds put options representing 1 million shares of NVIDIA, valued at about $187 million, marking it as his second-largest position [6]. Industry Commentary - Palantir CEO Alex Karp criticized Burry's short position, suggesting it reflects a misunderstanding of Palantir's business and the AI sector [4][7]. - Karp emphasized that AI is a significant driver of GDP growth and defended the ethical implications of Palantir's work, which he believes supports important societal functions [7].