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.
Micron has risen nearly 222% this year. Nvidia is up about 11%. Burry appears to believe the semiconductor rally has stretched too far.
Breaking: Michael Burry has disclosed his updated positions
He:
• Added to Micron $MU short at $933.86
• Added to Nvidia $NVDA short at $210.28
• Added to Caterpillar $CAT short at $893.49
• Added to Semiconductor ETF $SOXX short at $535.83
• Added to Flutter $FLUT long at… pic.twitter.com/BzAlYHbvQI— Michael Burry Stock Tracker ♟ (@burrytracker) July 24, 2026
He also added to a short in Caterpillar. On the long side, he increased exposure to Flutter and DraftKings. His short against Tesla remains open but is getting smaller as that stock falls.
Wall Street Stays Bullish on Palantir
Despite Burry’s pessimism, many Wall Street analysts remain positive on Palantir heading into earnings.
Oppenheimer analyst Param Singh kept an Outperform rating and a $200 price target. He expects Palantir to beat its Q2 revenue guidance and raise its full-year outlook. Singh cited strong demand from the U.S. Department of Homeland Security and ongoing conflict in the Middle East as supporting government contracts.
Citi analyst Tyler Radke reaffirmed his Buy rating, though he trimmed his price target to $200 from $225. He pointed to growing adoption of Palantir’s Artificial Intelligence Platform and recent customer wins as positive signs. Radke also noted that Palantir’s partnership with Nvidia could support future growth.
Mizuho’s Gregg Moskowitz named Palantir one of his favorite software stocks this earnings season. He expects commercial and federal demand to stay healthy. If trends hold, Palantir would log its 12th straight quarter of accelerating revenue growth.
What Analysts Are Watching
D.A. Davidson’s Gil Luria is also optimistic. He acknowledged some concern around Palantir’s UK National Health Service contract but said it does not change his long-term view.
Wall Street currently gives Palantir a Moderate Buy consensus, based on 15 Buy, four Hold, and two Sell ratings in the past three months.
The average price target is $181.24, implying about 47% upside from current levels. Palantir stock is still down more than 31% in 2026.
Earnings on August 3 will be a key test of whether Burry’s bearish thesis or Wall Street’s bullish case proves correct.
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