Michael Burry's Brutal Take On Palantir: 'A Sand Castle Supported Only By AI Applications Narrative'
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Reddit — r/stocks
· June 03, 2026 at 11:03
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[https://www.ibtimes.co.uk/michael-burry-criticises-palantir-ai-financial-practices-1800528](https://www.ibtimes.co.uk/michael-burry-criticises-palantir-ai-financial-practices-1800528)
Days after detailing how Elon Musk's deal with Nvidia, supported by a $3.5 billion debt from Apollo, is putting the retirement funds of Americans at risk, *The Big Short*'s Michael Burry came down heavily on Palantir Technologies again.
Palantir shares fell 5.2% on Tuesday and another 1.7% during premarket hours on Wednesday despite global equity indexes rising amid the AI rally. Burry believes the stock price could fall further in the near term. 'It is a sand castle, supported for now by the AI applications narrative,' he wrote on Substack.
He highlighted the 'head-and-shoulders' type pattern on Palantir's stock chart, reflecting the 'waxing and waning of extremely bullish psychology.'