Palantir Stock Drops 7% on Valuation Concerns as CEO Karp Rips Short Seller 'Market Manipulation'

Palantir stock drops 7% on valuation concerns as CEO Karp rips short seller 'market manipulation'

Wall Street analysts raised concerns about Palantir's elevated valuation and famed hedge fund manager Michael Burry revealed a short position.

Palantir stock tumbles despite Q3 beat as analysts mull valuation

Palantir Technologies (PLTR) stock fell about 7% premarket on Tuesday despite third quarter results beating estimates and the company raising its full-year guidance.

Palantir drops 6% after Michael Burry reveals short position and valuation concerns

Palantir’s stock plunged 6% on Tuesday, and it came even after the company posted strong earnings, raised its full-year guidance, and crossed $1 billion in revenue for the second quarter in a row. But Wall Street didn’t care very much, and not for very long either. What actually set the fire was Mr. Michael Burry (yes, the same guy from “The Big Short”) who just revealed he’s betting against Palantir. That sent shockwaves through the AI crowd an…

Palantir stock falls 7% amid CEO Karp's criticism of short sellers

Palantir's stock drop highlights tensions between innovation-driven firms and short sellers, potentially affecting investor confidence in AI sectors. The post Palantir stock falls 7% amid CEO Karp’s criticism of short sellers appeared first on Crypto Briefing.

Palantir boosts revenue forecast after Q3 beat, but stock falls: here's ...