Palantir CEO Blasts Short Sellers, Targets Michael Burry

Palantir CEO Alex Karp criticizes short sellers, including Michael Burry, over bets against Palantir and Nvidia. Karp highlights Palantir's strong performance amidst market control concerns. Nvidia's AI chip market dominance.

Karp, who has expanded increasingly combative toward movie critics of Palantir’s skyrocketing supply, has blasted brief sellers prior to. On Tuesday, he said he was “going to be dancing around when it’s proven wrong.”

Karp’s Stance on Palantir Critics

Burry’s company also divulged favorable bank on Pfizer and Halliburton worth a combined $214 million. About 80% of Heir’s revealed profile was connected to the Nvidia and Palantir brief placements, signifying a hefty sentence trade.

Burry’s Investments in Pfizer and Halliburton

“With the shorts it’s very intricate … honestly I think what’s going on here is market control,” Karp stated. “We supplied the most effective results any individual’s ever before seen. It’s not also clear he’s not doing this to leave his position.”

The filing revealed Heir held placed alternatives on 5 million shares of Palantir, valued at about $912 million, and another 1 million shares of Nvidia worth about $187 million, since Sept. 30. Place options usually settle when a stock’s price declines.

Palantir chief executive officer Alex Karp blasted short vendors on Tuesday, selecting renowned investor Michael Burry as “bats– t crazy” for his mixed $1.1 billion bet against his business in addition to AI chipmaker Nvidia– 2 firms that have actually seen their stock rise in the last twelve month.

Palantir and Nvidia Stock Performance

Nvidia, which controls the marketplace for chips powering expert system versions, has climbed up greater than 50% this year. Palantir, which supplies AI software to government and company clients, is up greater than 170%.