Hedge fund legend Michael Burry, known for predicting the 2008 US housing crisis, is betting against Palantir Technologies and NVIDIA. Burry’s Scion Asset Management placed put options on Palantir, causing a stock drop despite Q3 earnings. Palantir CEO Alex Karp accused Burry of market manipulation, but shares remain up 155% year-to-date.

Burry’s significant bet on Palantir and Nvidia includes put options worth $912 million and $187 million, respectively. Palantir reported $1.18 billion in revenue, up 63% year-over-year, and raised full-year guidance to $4.4 billion. Karp criticized short sellers, emphasizing Palantir’s AI economy role and ethical contributions to uplifting warfighters.

RBC Capital raised Palantir’s price target to $50, noting strong US-centric results but stagnant international performance. Analyst Stephen Guilfoyle praises Palantir’s fundamentals, highlighting explosive commercial business growth. The market remains divided on Palantir’s future growth potential, with some bullish on its critical infrastructure role and others skeptical of short-term euphoria.

Read more at Yahoo Finance: Michael Burry latest move sparks fiery Palantir CEO rant