Alex Karp Calls Out Michael Burry’s Short Bet Against Palantir, Nvidia: Report

• Karp noted that by shorting Palantir and Nvidia, Burry is actually shorting AI, while calling the practice of short selling egregious.
• This comes after Burry’s hedge fund, Scion Asset Management, disclosed put options worth $912 million against Palantir and $187 million against Nvidia in the third quarter.
• Palantir reported earnings per share of $0.21 on revenue of $1.18 billion in Q3, compared to analyst estimates of an EPS of $0.17 on revenue of $1.09 billion.

Palantir Technologies Inc. (PLTR) co-founder and CEO Alex Karp on Tuesday reportedly called out Michael Burry’s short bet against Palantir and Nvidia Corp. (NVDA).

During an interview with CNBC, Karp expressed surprise about the fact that ‘The Big Short’ legend was betting that Palantir and Nvidia would not perform well.

“The two companies he’s shorting are the ones making all the money, which is super weird,” Karp said in the interview.

Palantir shares were down more than 7% in Tuesday’s opening trade, while Nvidia’s shares were down nearly 2%. Retail sentiment on Stocktwits around both companies trended in the ‘extremely bullish’ territory at the time of writing.

Shorting AI

Karp noted that by shorting Palantir and Nvidia, Burry is actually shorting AI. “I do think this behavior is egregious and I’m going to be dancing around when it’s proven wrong,” Karp added, in reference to the practice of short selling.

This comes after Burry’s hedge fund, Scion Asset Management, disclosed put options worth $912 million against Palantir and $187 million against Nvidia, as of Sept. 30, 2025, in a 13F filing with the U.S. Securities and Exchange Commission (SEC).

Palantir’s Q3 Performance

While expressing surprise about Burry’s short bet against Palantir, Karp stated in the interview that the company delivered “the best results anyone’s ever seen.” He added that the short position against Palantir is a case of market manipulation.

Palantir reported earnings per share (EPS) of $0.21 on revenue of $1.18 billion in the third quarter (Q3), compared to analyst estimates of an EPS of $0.17 on revenue of $1.09 billion, according to Stocktwits data.

Wedbush Managing Director Dan Ives expressed optimism about the PLTR stock in a post on X. “This was a major validation moment for Palantir about AI demand and the growth trajectory over the next few years which is accelerating at an eye popping pace. Any weakness this am as investors think ‘this is as good as it gets’ philosophy….be buying this stock all day,” he said.

PLTR stock is up 152% year-to-date, while NVDA stock is up 51%.

Also See: Amazon Rolls Out Fastnet Subsea Internet Cable To Boost Reliability After Massive AWS Outage

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