Burry Keeps Long Palantir Puts After Trump Praise, Wedbush Pushback

Michael Burry confirmed he holds long‑dated put options on Palantir Technologies, identifying the June 17, 2027 $50 contracts and the Dec. 19, 2026 $100 contracts. He began the short position in fall 2025 and has repeatedly rolled it forward. Burry posted on Friday: ‘I now own the June 17 2027 Strike Price 50 Puts and the December 19, 2026 Strike Price 100 Puts. I am not selling these today.’

A public post by former President Donald Trump praised Palantir’s wartime capabilities and helped lift the stock from intraday lows. Trump wrote, ‘Palantir Technologies (PLTR) has proven to have great war fighting capabilities and equipment. Just ask our enemies!!! President DJT.’

Palantir shares closed Friday at $128.06, finished the week down 13.7% and are about 28% lower year to date in 2026. Burry noted the shares had fallen roughly 18% over the prior three trading days and called the business ‘wildly overvalued,’ writing he believes its fundamental value is ‘well under $50/share.’ He also targeted CEO Alex Karp with the comment, ‘Karp calling his panic attack hotline.’

Wedbush analyst Dan Ives pushed back on the view that rivals are displacing Palantir. Ives called that narrative ‘fictional’ and described the company as ‘at the epicenter of leaders in the AI Revolution.’

Investors and market participants point to Palantir’s work with U.S. defense and intelligence agencies when assessing the company’s outlook. Some say higher defense spending related to the conflict with Iran could result in additional government contracts for Palantir.

Internal tensions at the company have attracted attention. After attacks in October, Karp publicly expressed support for Israel and some employees left. Communications chief Lisa Gordon described Palantir’s political shift toward the current administration as ‘concerning’ during an event interview; the video of that remark was later removed from the event host’s channels.

Palantir has integrated third‑party AI models, including from Anthropic, into its platform. The Department of Defense barred Anthropic models from use over concerns about autonomous weapons and surveillance. Karp said last month the company would ‘phase out’ Anthropic’s models, and that process is not complete.

Shares peaked near $200 last year before the recent decline. Burry said the stock’s weakness has tracked a selloff in software names and intends to keep his bearish options positions in place.