Palantir (PLTR) shares dropped up to 10% on Tuesday after hedge fund manager Michael Burry disclosed a $912M bearish bet against the company, along with a smaller short position in Nvidia (NVDA), The Financial Times’ Rafe Rosner-Uddin reports. Palantir CEO Alex Karp dismissed the move as “egregious,” saying it reflected skepticism toward AI more broadly rather than his firm specifically.
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