Overview
- Palantir shares have fallen about 25% since reaching an early‑November peak, reversing part of a powerful 2025 rally.
- Michael Burry’s latest 13F showed roughly 66% of his $1.4 billion portfolio in put options against Palantir, highlighting a sizable bearish bet.
- CEO Alex Karp told CNBC that heavy short interest amounts to market manipulation, pushing back at critics who question the stock rather than the software.
- Operational momentum remains strong, with third‑quarter revenue around $1.18 billion up roughly 63% year over year, record bookings, and full‑year guidance raised to about $4.4 billion on AIP adoption.
- Valuation concerns persist, including a P/E above 380 and a price‑to‑sales multiple viewed as the richest in the S&P 500, prompting some investors to favor diversified AI exposure such as Microsoft.