Michael Burry Says Palantir Is Worth Only $46. Here's Why He's Wrong

Michael Burry, the renowned investor who famously predicted the 2008 housing crisis in The Big Short, has once again taken a contrarian stance. In his recent Substack post, "Palantir’s New Clothes," the founder of the now defunct Scion Asset Management argues that Palantir Technologies (PLTR) is wildly overvalued, likening its AI platform hype to an emperor with no clothes. He cites ballooning accounts receivable, heavy dilution, unreliable third-party AI models, and a business model that resembles low-m ...