Michael Burry's Brutal Take On Palantir: 'A Sand Castle Supported Only By AI Applications Narrative'

[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.'