Michael Burry Doubles Down on Bearish Bets Against Palantir and Chip Stocks

TLDR

• Michael Burry has reinforced his short position on Palantir ahead of its August 3 earnings report
• Burry also added to short positions in Nvidia, Micron, and the iShares Semiconductor ETF
• Oppenheimer kept an Outperform rating on Palantir with a $200 price target
• Wall Street holds a Moderate Buy consensus on Palantir, with an average price target of $181.24
• Palantir stock is down more than 31% this year despite analyst bullishness

Michael Burry, known for predicting the 2008 housing crash, has doubled down on his short position against Palantir ahead of the company’s second-quarter earnings on August 3, 2026.

Burry has said Palantir’s valuation is too high. He warned that even a minor slowdown in AI growth could push the stock lower.

Palantir Technologies Inc., PLTR

His bearish moves don’t stop there. Burry also sold short additional shares of Micron at $933.86 and added to his Nvidia short position at $210.28. He expanded a large bearish position in the iShares Semiconductor ETF using both short stock and put options.

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