Palantir Technologies CEO Alex Karp strongly condemned famed investor Michael Burry after his hedge fund disclosed more than $1 billion in put options against Palantir and Nvidia. Karp called the bet ‘crazy’ given both companies’ leading roles in AI and high growth profiles.
The filing revealed Burry’s fund held around $912 million in bearish bets on Palantir and approximately $187 million on Nvidia. Despite Palantir reporting revenue growth above expectations and solid future guidance, its stock dropped sharply on the news.
Karp argued the move reflects broader skepticism about the AI sector and warned against short-selling companies he sees as foundational to the technology landscape. The controversy underscores mounting tensions between bullish tech momentum and bearish hedge-fund strategies ahead of a potential market re-rating.