Legendary investor Michael Burry has placed a massive $1.1 billion bet against AI giants Nvidia and Palantir, warning that artificial intelligence stocks have entered bubble territory. The disclosure triggered immediate sell-offs across global tech markets as investors reassessed AI valuations, with Palantir dropping up to 16% and the Nasdaq recording its largest one-day drop in nearly a month.
about Michael Burry Bets $1.1B Against AI Stocks, Sparking SelloffAlex Karp
0 posts last weekPalantir Stock Dives Despite Strong Revenue Outlook
Palantir Technologies shares tumbled in premarket trading Tuesday despite the company raising its annual revenue forecast to $4.4 billion. The data-analysis firm beat third-quarter sales estimates but faces growing concerns over its premium valuation. CEO Alex Karp acknowledged the stock is trading in a ‘nosebleed zone’ during a recent interview, highlighting the tension between strong fundamental performance and investor apprehension about sustainability.
about Palantir Stock Dives Despite Strong Revenue OutlookPalantir’s 50% Growth Test: High Stakes for PLTR Stock
Palantir Technologies faces a critical earnings test as it approaches Q3 results with revenue guidance projecting nearly 50% year-over-year growth. The data analytics giant’s stock has surged 128% year-to-date but faces heightened scrutiny over valuation and execution risks. Wall Street’s slightly higher expectations leave minimal room for disappointment, with any growth shortfall potentially triggering a significant valuation reset for the high-flying AI stock.
about Palantir's 50% Growth Test: High Stakes for PLTR StockHong Kong Economy and Stock Market Update Amid AI Hub Development Plans
Hong Kong’s Hang Seng index surged as the city aims to become an artificial intelligence hub. Shares of electric vehicle makers Xpeng and Li Auto rose following a significant drop in Tesla’s stock, which fell over 8% due to owner dissatisfaction with its driving system upgrades. Meanwhile, Hong Kong’s financial secretary announced a focus on cost-saving measures amid a projected fiscal deficit nearing HKD 100 billion for the current year.
about Hong Kong Economy and Stock Market Update Amid AI Hub Development Plans