Burry Reveals Nvidia and Palantir Puts
Digest more
The two companies he’s shorting are the ones making all the money, which is super weird,” Alex Karp told CNBC’s “Squawk Box” on Tuesday.
Hedge fund investor Michael Burry, who was played by actor Christian Bale in the 2015 film The Big Short, a film about traders who made millions from predicting the collapse of the US housing bubble in 2008, has turned his attention to AI.
In 2005, Michael Burry placed a long-term $1 billion bet against the U.S. mortgage market, which led to the 2007 global financial crisis. His investment firm, Scion Asset Management, purchased
Meanwhile, Veteran analyst Stephen Guilfoyle credits Palantir’s growth to strong fundamentals, noting, “Sales are running wild as are margins. The commercial business is exploding. Cash flows are not just robust; they are enormous. The balance sheet is simply the greatest balance sheet I can remember seeing. The CEO is focused and aggressive.”