Palantir CEO Alex Karp Fires Back at Michael Burry
In a fiery Wall Street showdown, Palantir Technologies CEO Alex Karp called famed investor Michael Burry “bats— crazy” for shorting AI leaders Palantir (NYSE: PLTR) and Nvidia (NASDAQ: NVDA). The clash erupted after Burry’s Scion Asset Management revealed bearish positions against both tech giants, questioning their valuations.
Karp didn’t hold back during Palantir’s earnings call: “Betting against companies building the future of AI isn’t skepticism—it’s insanity. Palantir and Nvidia are powering the next industrial revolution.”
Why Michael Burry Is Betting Against Palantir & Nvidia
The “Big Short” investor, who predicted the 2008 crash, doubled down on his AI bubble warnings in recent 13F filings. Burry argues:
- Nvidia trades at 200x earnings, far above historical norms
- Palantir’s valuation relies on speculative growth
- AI hype mirrors dot-com mania, with inflated stock prices
“This isn’t fundamentals—it’s FOMO,” Burry told investors.
Karp’s Defense: “AI Growth Is Real”
The Palantir CEO countered Burry’s bearish stance with hard metrics:
✅ 5 straight profitable quarters for Palantir
✅ $4B+ in government contracts (including Pentagon deals)
✅ Nvidia’s $3T market cap fueled by AI chip demand
“Nvidia and Palantir aren’t meme stocks—they’re infrastructure providers,” Karp asserted.
Market Impact: Short Squeeze or Smart Bet?
- Palantir stock dipped briefly but rebounded (+22% YTD)
- Nvidia shares surged 150% in 2024 despite short interest
- Analysts split: “Burry’s early” vs. “AI valuations are stretched”
Tech analyst Priya Mehta noted: “Shorting Nvidia now is like betting against Amazon in 2005.”
The Bigger Debate: AI Bubble or Just Getting Started?
The Karp-Burry feud highlights a market divide:
🐂 Bulls: AI adoption is accelerating (see ChatGPT, self-driving cars)
🐻 Bears: Stock prices assume flawless execution
Key question: Is Burry’s contrarian play prescient—or is Karp right to call it “crazy”?
