Overview
- After an estimated 1,800% surge since its AI platform launch in April 2023, Palantir shares are down about 25% from early‑November record highs.
- A recent 13F filing showed Michael Burry had roughly 66% of his reported $1.4 billion portfolio in put options against Palantir.
- CEO Alex Karp publicly blasted the bearish bets, calling the activity "market manipulation" and describing Palantir as the most important U.S. software company.
- Yahoo Finance analysis flags Palantir’s valuation as extreme, noting it would still rank highest in the S&P 500 on price‑to‑sales even after a much larger drop.
- Microsoft is highlighted as a steadier AI play, with fiscal Q1 2026 revenue of $77.7 billion, Microsoft Cloud up 26% to $49.1 billion, and Azure and other cloud services growing about 40%.