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Updated 1h ago
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Michael Burry pulls back on massive Palantir short bet
Investor Michael Burry has pulled back from his large short bet against Palantir Technologies. This move follows a stock surge driven by a partnership with Nvidia. Burry has also shifted focus toward other tech positions, including long-term bets on Microsoft.
What changed
Burry transitioned from a massive bearish stance on Palantir to easing or closing his short position.
Live updates
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Michael Burry Reduces Palantir Short Position
confidence 90%Investor Michael Burry has pulled back from his large short bet against Palantir Technologies. This move follows a stock surge driven by a partnership with Nvidia. Burry has also shifted focus toward other tech positions, including long-term bets on Microsoft.
What's confirmed:
- Michael Burry reduced his short position on Palantir Technologies.
- Palantir stock rose following a deal with Nvidia.
- Burry purchased long-term call options for Microsoft expiring in 2028.
Still unconfirmed:
- Concerns regarding AI penetration into the data layer are weighing on Palantir stock.
- Burry shorted Micron Technology directly because puts seemed expensive.