Michael Burry Says He’s Still Short Palantir After Stock Sees Recovery Following Trump’s Endorsement

• Burry said in a Substack post on Friday that he has been short Palantir since the fall, which runs from September to November.
• Burry added that Palantir stock remains wildly overvalued, despite having weakened since hitting $200.
• Earlier this week, he stated in a now-deleted post on X that Anthropic is eating Palantir’s lunch.

President Donald Trump endorsed Palantir Technologies Inc. (PLTR) on Friday, helping the stock stage a recovery, but “The Big Short” investor Michael Burry reiterated that he is short on the stock and still holds puts.

Palantir shares staged a recovery, hovering 2% lower after falling by over 6% earlier in the day.

“Palantir Technologies (PLTR) has proven to have great war-fighting capabilities and equipment. Just ask our enemies!!!” President Trump stated in a post on Truth Social.

Palantir shares were down nearly 2% in Friday morning’s trade, while the stock was the top trending ticker on the platform at the time of writing.

Burry Reiterates Short Position On Palantir

Burry said in a Substack post on Friday that he has been short Palantir since the fall, which runs from September to November.

“I have rolled these several times. I now own the June 17, 2027, Strike Price 50 Puts and the December 19, 2026, Strike Price 100 Puts. I am not selling these today,” he said.

Burry added that Palantir stock remains wildly overvalued, despite having weakened since hitting $200. The PLTR stock hit a 52-week high of $207.52 in November 2025 and has since declined by over 38%.

Earlier this week, Burry stated in a now-deleted post on X that Anthropic is eating Palantir’s lunch.

Dan Ives Says Burry’s Bearish Stance Is ‘Fictional Narrative’

Wedbush Global Head of Tech Research Dan Ives called Burry’s bearish stance on Palantir a “fictional narrative.”

Ives highlighted Palantir’s proprietary Ontology framework, growing enterprise client base, and the deep integration of its technology across government agencies as the company’s core strengths.

He added that while Anthropic is hitting a new scale with an annual recurring revenue (ARR) of $30 billion, this is not at the expense of Palantir. Ives has an ‘Outperform’ rating on PLTR with a price target of $230, implying an upside of about 80% from current levels.

PLTR stock is down 17% year-to-date, but up 79% over the past 12 months. The Invesco QQQ Trust ETF (QQQ) is up 37% over the past 12 months, while the Vanguard S&P 500 ETF (VOO) is up 29%.

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