Michael Burry maintains Palantir puts as stock falls 28% in 2026
Palantir stock is down roughly 13% for the week and about 28% in 2026. Michael Burry holds long-dated put options on the AI firm, including June 2027 $50 puts and December Burry estimates the company's true value is well below $50 per share, while the stock currently trades around $127. Donald Trump recently praised the company's military capabilities in a Truth Social post, which helped the stock bounce. Burry believes the recent bounce does not change the bigger picture and continues to argue that Palantir is wildly overvalued.
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