Michael Burry Bets on a 60% Palantir Price Correction
Palantir shares are down nearly 30% in 2026. The stock recorded its worst week in over a year, falling roughly 13% in seven days. Michael Burry holds long-dated put options on the company, betting on a significant price correction. Burry estimates the company's intrinsic value is under $50 per share. Palantir currently trades around $127. Burry points to Anthropic as a major disruptor, stating that Anthropic's plug-and-play AI solutions are pulling market share from Palantir. This shift challenges the company's dominance in government contracts and data analytics. Despite a Truth Social post from Donald Trump praising the company's military capabilities, Burry maintains his positions. He holds June 2027 $50 puts and the December 2026 $100 puts.
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