Palantir Technologies Inc.PLTR
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Defense & Geopolitical Fragmentation
Palantir Technologies Inc.Michael Burry Doubles Down Against Palantir With New Put Options
Analyst
Michael Burry has added March 2027 put options on Palantir Technologies with strike prices in the low-to-mid $100s, renewing his bearish bet against one of the market's richest AI valuations. The trade comes as option prices fell to multi-month lows, making downside protection cheaper, and follows Burry's earlier partial covering of a short position around $107. Palantir's second-quarter revenue surged 93% year over year to $1.94 billion, with U.S. commercial revenue jumping 149% to $764 million, yet the stock trades above 50 times 2026 sales and nearly 100 times free cash flow. Management expects third-quarter revenue of $2.160 billion to $2.164 billion and full-year revenue of $8.150 billion to $8.158 billion, with adjusted free cash flow between $4.5 billion and $4.7 billion. Burry's position signals he sees meaningful downside risk even if operational momentum remains strong.
Palantir Technologies Inc.