short-selling

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.