Burry Takes Short Positions on Palantir, Tesla, and Nvidia

Michael Burry, the investor known for his prominent role during the 2008 financial crisis, has disclosed short positions in several high-profile technology companies, including Palantir Technologies Inc.. The filings, which cover the period ending September 30, also list bearish bets against Tesla and Nvidia.

Palantir Technologies Inc. builds and deploys software platforms for the intelligence community to assist in counterterrorism investigations and operations in the United States, the United Kingdom, and internationally. The company’s platforms, such as Palantir Gotham, are designed to integrate with legacy systems to support data analysis. While primarily associated with government and defense sectors, the firm has expanded its commercial footprint in recent years.

As of the latest market check, Palantir is trading at $124.57, up approximately 0.38% from the previous close of $124.10. The company holds a market capitalization of roughly $297 billion. It operates within the Technology sector, specifically classified under the Software – Infrastructure industry.

Short selling involves borrowing shares to sell them with the intention of buying them back later at a lower price. This strategy reflects a pessimistic outlook on the stock’s near-term performance. Burry’s fund, Scion Asset Management, periodically adjusts its portfolio based on various valuation metrics and market conditions. These disclosures provide a snapshot of the fund’s holdings but do not necessarily indicate long-term sentiment or trading plans by other investors.

What to watch

• Palantir’s upcoming earnings release and government contract revenue figures.
• Future 13F filings from Scion Asset Management showing changes in position sizes.
• Market sector performance relative to technology and defense infrastructure valuations.

Source: original release