Financial Associated Press, April 11 (Editor Zhao Hao) The well-known American "short seller" Michael Burry recently stated that he still insists on shorting the American defense technology company Palantir Technologies.
Burry became famous for betting against the U.S. housing market in 2008, and his story was later adapted into the blockbuster movie "The Big Short." Regulatory filings in November showed that he bought put options on Nvidia and Palantir, which could profit from falling stock prices.
Burry posted on his paid blog on Friday (April 10) that he still holds long-term put options on Palantir. Burry said he began shorting the company in the fall of 2025 and rolled over the position multiple times.
"I currently hold a put option expiring on June 17, 2027 with a $50 strike price and a put option expiring on December 19, 2026 with a $100 strike price. I will not sell these positions today," Burry wrote.
Shortly before Burry's comments, U.S. President Trump posted on social media that "Palantir has proven to have excellent combat capabilities and equipment." This statement narrowed the intraday decline in Palantir's stock price to less than 2%. The stock is still down nearly 28% so far this year.
Palantir is world-famous for providing critical data and intelligence analysis support in the hunt for bin Laden. After the conflict between Russia and Ukraine broke out, the company provided military support to the Ukrainian army, including intelligence fusion analysis, intelligent auxiliary decision-making, and satellite-borne algorithm support.
According to US media disclosures, in the recent war in the Middle East, both the US and Israeli militaries were using Palantir's Maven intelligent combat system, and the US military version also integrated the Claude large model. From a performance perspective, artificial intelligence technology can greatly improve combat effectiveness.
During Trump’s second term, Palantir continued to win government contracts and deepened its cooperation with the Pentagon. There is a view in the market that given its extensive business dealings with the US military and intelligence agencies, it may become one of the beneficiaries of the conflict in the Middle East.
However, Burry believes that Palantir has weakened significantly since its peak last year and is still "significantly overvalued." He acknowledged that a rebound is likely in the short term, but the company's fundamental value is less than half its current price.
"Palantir is selling off along with software stocks. As I said, I will continue to hold these puts because I believe the fundamental value of this company is well below $50 a share."
At the same time, Burry also increased his bearishness on Nvidia. "I increased my holdings of put options on Nvidia. This time I bought options that expired on January 27 and had a strike price of $115 at a price of $3.30."
