Alex Karp

Palantir’s stock fell despite strong earnings, prompting CEO Alex Karp to defend the company against short sellers like Michael Burry, accusing them of market manipulation. While the stock is up significantly this year, its high valuation (220x forward earnings) raises concerns. Short interest is low, but analysts like Citron Research suggest the stock is overvalued. Karp maintains confidence, highlighting Palantir’s growth and potential in AI, stating doubters can “exit.” His outspoken defense is not new, previously telling those unhappy with the stock price to simply sell.

Palantir CEO Alex Karp criticized Michael Burry for shorting Palantir and Nvidia, calling it “bats— crazy” to bet against AI leaders. Burry’s Scion Asset Management held significant put options against both companies. The news led to a stock dip for Palantir despite strong earnings. Karp believes Burry is wrong about the future of AI and Palantir’s role in it. Karp suggests Burry’s bearish sentiment is ill-informed, citing Palantir’s fundamental strength and growth in AI. The clash highlights ongoing debate about AI-related stock valuations.

Palantir CEO Alex Karp addressed critics after strong Q3 earnings, highlighting the company’s commitment to national and allied interests. Palantir’s stock has surged, but dipped slightly after hours. Karp defended Palantir’s work with government agencies and its pro-Israel stance, stating the company is on the “front line” against adversaries. He also made controversial statements regarding the fentanyl crisis and addressed criticism regarding Palantir’s work with ICE and the Israeli military, reaffirming the company’s values.

Palantir’s head of global communications, Lisa Gordon, expressed “concerns” over the company’s perceived shift towards the Trump administration, potentially causing internal tension. This shift, driven by CEO Alex Karp’s evolving political leanings and unwavering support of Israel, could impact internal culture and external relationships. Palantir, increasingly reliant on government contracts and defense work, faces ethical scrutiny over its work with agencies like ICE. Gordon acknowledged potential employee departures due to differing political views. The company must reconcile its evolving political stance to maintain employee trust and technological prowess.