Michael Burry Doubles Down on Palantir Bet Despite Trump's Backing

• Michael Burry reaffirms his bearish position on Palantir Technologies, holding long-dated put options.
• Donald Trump's endorsement temporarily boosted Palantir's stock, but it remains significantly down for the year.
• Burry believes Palantir is wildly overvalued, with its fundamental value far below its current market price.
• Palantir's stock has weakened since peaking last year, despite securing new government contracts.

Another Monster, Another Contract

Another day, another contract. And another hedge fund manager betting against the odds. It seems Michael Burry, the so-called 'Big Short' investor, is still wagering against Palantir. Claims it's wildly overvalued. Heard that song before. Reminds me of folk who said witchers were obsolete. Last I checked, monsters haven't gone extinct, and neither has Palantir's stock… yet.

Trump's Two Orens

Even a nod from the former… *ahem*… President Trump couldn't shake Burry's conviction. Trump, bless his heart, took to Truth Social to sing Palantir's praises, claiming they've got "great warfighting capabilities." Sounds like something out of a bard's tale, if you ask me. Perhaps Trump should consider Trump's Risky Netflix Bond Gambit Sparks Controversy instead of dabbling in stock endorsements. Might be a better bet than relying on political winds.

The Valuation Conundrum

Burry claims Palantir's fundamental value is less than half its current price. Says the stock has weakened since hitting its peak. Well, everything weakens eventually. Even a Witcher after a night of heavy drinking. But is it *that* overvalued? That's the question, isn't it? Seems like Burry's got a monster contract – a long-dated put option – and he's determined to see it through. He said it himself 'I am not selling these today'.

More Contracts with Government

Palantir's been cozying up to the US government, securing new contracts and deepening its ties with the Pentagon. Some say the ongoing conflict in the Middle East will only boost their business. War is good for some, I suppose. As the Butcher of Blaviken, I'm not in the best place to comment on war, but I'd rather be hunting monsters than writing about hedge fund gambits, but Roach needs feeding so…

Karp's Retort

Last year, Burry made similar bets against Palantir and Nvidia, prompting CEO Alex Karp to call his wagers "super weird" and "bats--- crazy." Pot calling the kettle black, perhaps? From what I hear, Karp's no stranger to… eccentric pronouncements himself. Still, it takes a certain level of conviction – or madness – to bet against a company with government backing and a growing market share. Either way, this story is far from over. So much drama around all this, I should become a bard instead of a Witcher.

The Witcher's Takeaway

So, what's the Witcher's take on all this? Well, it's simple. Everyone's trying to make a coin in this world. Whether it's hunting monsters, investing in stocks, or betting against them, it's all a gamble. Just remember, even the best-laid plans can go awry. As I always say, 'Evil is evil. Lesser, greater, middling… Makes no difference. The degree is arbitary. The definition’s blurred. If I’m to choose between one evil and another… I’d rather not choose at all.'