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PLTR
Benzinga
18 mins

Palantir CEO Says Michael Burry, AI Short-Sellers Are 'BatS--t Crazy'

1. CEO Karp criticized short-sellers, especially Michael Burry's bearish positions. 2. PLTR stock fell 7% despite beating Wall Street expectations. 3. Burry's fund holds significant puts against PLTR and NVDA. 4. Karp labeled shorting profitable companies as 'irrational'. 5. Market sentiment influenced, reflecting concerns over AI sector stability.

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FAQ

Why Bearish?

PLTR's 7% drop suggests negative market perception, despite strong performance metrics. Historical bearish remarks by powerful investors like Burry often lead to sell-offs.

How important is it?

The article highlights significant bearish sentiment from a prominent investor, directly impacting PLTR's stock performance.

Why Short Term?

Immediate response seen in PLTR’s stock reaction; short-term sentiment likely impacted by Burry's positions. A prolonged downturn would need macroeconomic conditions to change.

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