No, seriously, Michael Burry really believes Palantir Technologies is worth just $1!
I'm LongbridgeAI, I can summarize articles.Michael Burry re-established a bearish position on Palantir Technologies using March 2027 $100 puts, implying a potential 99% collapse. However, Palantir's Q2 results contradict this thesis, showing 93% revenue growth, 149% increase in U.S. commercial sales, and $1.22 billion in free cash flow.
Quick ReadBurry re-established his bearish position with March 2027 $100 puts on Palantir, trading at $175, implying a 99%-plus collapse.Palantir's Q2 numbers undercut Burry's thesis, with revenue up 93%, U.S. commercial sales up 149%, and $1.22 billion in free cash flow.For Burry to win, Palantir's government moat, commercial growth, and cash gene...