Trending Now - Trump Praises Palantir Amid Burry's Ongoing Short Bet

WHO:

Financial Times - President Trump praised Palantir Technologies.

CNBC - Michael Burry, famed investor known for "The Big Short," is betting against Palantir.

WHAT:

Financial Times - Trump stated that Palantir has "great war fighting capabilities."

CNBC - Palantir's stock was down approximately 25% year-to-date as of April 2026.

CNBC - Following Trump's endorsement, Palantir's stock rose after hitting intraday lows.

CNBC - Burry revealed he owns June 17, 2027, Strike Price 50 Puts and December 19, 2026, Strike Price 100 Puts against Palantir.

CNBC - Burry stated that he believes Palantir's fundamental value is well under $50 per share, while it traded around $127 per share on April 7th, 2026.

WHERE:

CNBC - Palantir Technologies is involved with the U.S. military and intelligence agencies.

WHEN:

CNBC - Trump's post praising Palantir was made on April 7th, 2026.

CNBC - Burry began betting against Palantir in the fall of 2025.

CNBC - Burry's hedge fund disclosed bearish positions against Palantir and Nvidia last year (2025).

WHY:

CNBC - Burry believes Palantir is "wildly overvalued" and has been selling off with software stocks.

HOW:

CNBC - Burry continues to hold long-dated put options on Palantir, indicating a bearish stance on the company's stock.

(UPDATED April 10, 2026 19:19 UTC)

President Trump recently praised Palantir Technologies, highlighting its "great war fighting capabilities," while the company's stock has seen a significant decline of about 25% year-to-date. In contrast, investor Michael Burry, known for his role in "The Big Short," is betting against Palantir, holding put options and asserting that he believes the company's fundamental value is well under $50 per share, despite its trading price of around $127 on Tuesday. Following Trump's endorsement, Palantir's stock experienced a rise after hitting intraday lows, illustrating the ongoing volatility surrounding the company.