Michael Burry holds Palantir short after Trump boost stock

April 11, 2026 - 01:25

The prominent investor Michael Burry, famed for predicting the 2008 housing market collapse, is maintaining his short position against data analytics firm Palantir Technologies. This move comes despite a recent surge in the company's stock price following a perceived political boost from former President Donald Trump.

In a recent regulatory filing, Burry's investment firm, Scion Asset Management, confirmed it held put options against Palantir as of the end of June. Put options are a bet that a stock's price will fall. Burry has been publicly critical of the company, previously calling it a "bubble stock" and questioning its valuation.

The investor's skepticism remains unwavering. In a now-deleted social media post, Burry explicitly stated his belief that Palantir shares are worth "well under $50." This valuation stands in stark contrast to the stock's current trading price, representing a potential downside of roughly 60% from recent levels.

Palantir's stock has experienced significant volatility, often influenced by its government contracts and its founders' political associations. The recent rally was fueled by mentions at a Trump campaign event, highlighting the market's sensitivity to political narratives. Burry's continued short position signals a fundamental disagreement with the current market optimism, betting instead on a substantial correction based on his assessment of the company's underlying value. The standoff between a high-profile skeptic and a stock riding a wave of political sentiment sets the stage for a closely watched market battle.