UK 16:15 Monday, 26 October 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
The hero of the big short, who made a killing ahead of the housing crash and GFC of 2008, Michael Burry, has called AI out as a bubble taking a $1 billion bet against Nvidia and Palantir (US:PLTR). The latter trades on a PE of 433 with a market cap of $452 billion but its CEO Alex Karp reckons shorters are guilty of market manipulation, that it is unpatriotic not to back his company and that it will all be different tis time. The video interview below with a sycophantic creep at CNBC makes me fear for the health of Karp as he talks utter piffle. It makes a compelling case for hating the MSM but also for shorting Palantir.
Already a member? Sign in
• All premium articles
• Tom Winnifrith’s Bearcast
• Access to all the entire nearly 13 year archive
• ShareProphets Daily Newsletter
Cancel any time
This area of the ShareProphets.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ShareProphets.com. ShareProphets.com does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ShareProphets.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ShareProphets.com and is not intended to be relied upon by users in making (or refraining from making) any investment decisions.
