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‘Big Short’ Investor Michael Burry Is Betting Big Against the AI Revolution
Quick Read Palantir represents Burry’s largest position at $912M in notional value, with Nvidia puts at $186M, betting on a decline in AI stocks. Michael Burry’s Scion Asset Management allocated 80% of its $1.
Palantir expects $4.4 billion in 2025 sales, boosting its position as a leader in defence AI with major contracts and partnerships.
1don MSN
Palantir Stock Edges Down Despite Stellar AI-Driven Q3 Earnings Results and Raised 2025 Guidance
U.S. commercial revenue skyrocketed 121% year over year on soaring demand for the company's artificial intelligence (AI)-powered software platform.
Palantir Technologies forecast fourth-quarter revenue above analysts' estimates on Monday, as the rapid adoption of artificial intelligence boosts demand for its data analytics services from businesses and governments.
The joint venture, Aither, aims to help Dubai hit its target of generating 100 billion dirhams ($27 billion) annually through digital transformation initiatives.
On Oct. 27, Palantir executed a major defense AI pact, one with major long-term implications for its broader AI war footing, which is likely to become a massive on-ramp to Palantir’s next leg higher. Poland just put Palantir on speed dial.
I think there's one under-the-radar AI stock could easily outperform it over the next decade. SoundHound AI ( SOUN 6.72%) could end up mirroring Palantir's returns, as it has all the makings of becoming the building blocks for much larger AI applications.
Palantir Technologies Inc. broke records once again with its third-quarter earnings as the company’s artificial-intelligence offerings drove aggressive business growth and sent the stock climbing 5% in Monday’s extended session.
Palantir sues former staff at AI startup Percepta, backed by General Catalyst, alleging they stole proprietary data to create "a version of Palantir."
Palantir CEO Alex Karp said his company is in an artificial intelligence arms race with its competitors, after reaching a deal with Lumen Technologies.
Sometimes, we see bubbles,” Burry said in a recent X post. “Sometimes, there is something to do about it. Sometimes, the only winning move is not to play.”
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