Michael Burry is still against Palantir, even after Trump intervened and gave the stock a public boost. The battle intensified on Friday when Michael said he still held long put options on Palantir and did not close the trade.
He said he first started betting on Palantir in the fall of 2025 and has continued to push the position forward. His last post showed that he now holds June 17, 2027 $50 and December 19, 2026 $100.
Michael wrote, “I now own a 50-point strike price on June 17, 2027 and a 100-point strike price on December 19, 2026. I am not selling these products today.”
The post arrived after Trump praised Palantir on Truth Social and helped the stock bounce back from its intraday low. “Palantir Technologies (PLTR) has proven to have great war fighting capabilities and equipment. Just ask our enemies!!! President DJT,” Trump wrote.
This post gave Palantir some relief, but it did not erase the damage. Still, the stock ended the week down 13.7%. It’s also down 28% so far in 2026. Michael responded to Trump’s post with a jab at Alex Karp, saying: “Karp calls the panic attack hotline.”
Perry keeps Palantir short as Trump tries to halt the slide
Michael noted that Palantir stock has become weaker since hitting a high near $200 last year. He also said that Palantir remains “significantly overvalued.” The business is believed to be worth less than half its stock trading value now. Palantir stock closed Friday at $128.06.
“Trump’s post sent the stock higher after the stock had fallen 18% in the past three days. “The stock may be affected by the winds here,” Michael said. Software stocks have been selling off. As mentioned, I continue to hold short positions, because I believe the fundamental value of this company is well below $50 per share.”
Some traders believe Palantir could benefit from Trump’s war in Iran because the company does a lot of work with US defense and intelligence agencies.
Meanwhile, Alex Karp maintained regular contact with management, although there had been tensions before.
Alex has spent years being vocal in support of the US military and the idea of giving warfighters better tools. This part is not new. What has changed is his relationship with the Trump administration.
Alex has criticized Trump in the past and donated to Joe Biden’s campaign before. Now supportive of the new administration and its policies, Palantir secured new government contracts and delved deeper into the Pentagon’s work.
Wall Street retreats as Palantir faces humanitarian, Pentagon and political heat
Meanwhile, Wall Street makes clear it doesn’t agree with Michael. Dan Ives in Wedbush I paid He pushed back hard and said that the idea of Anthropic taking Palantir’s place is wrong.
“We believe the view that Anthropic is eating PLTR’s lunch, (amplified by Michael Burry’s now-deleted post on
Dan also said in an interview: “And I think this is the ghost narrative that you’re fighting. Some of it will be dismissed, but the truth is I think it’s the most disconnected trade I’ve seen in technology since covering it in the late ’90s.”
Alex strongly supported Israel after October. 7. He previously told CNBC that some employees left his decision to become pro-Israel.
Then there was the episode with Lisa Gordon, the company’s head of communications. In October last year, Lisa said Palantir’s political shift toward the Trump administration was “troubling” during an interview at an event hosted by The Information. The video was then quickly removed from The Information’s YouTube and social media pages, which is certainly interesting to say the least.
There is also the anthropic issue. Palantir uses human models, along with models from other AI labs, on its platform. But Anthropic was blacklisted by the Ministry of Defense after concerns were raised about autonomous weapons and government surveillance. Alex said last month that Palantir would “phase out” Anthropic models, but that has not happened yet.
