Burry's Tech Bearishness

Burry alleged that Palantir is “losing bargaining power and channel stuffing,” calling the latter “a crime.” He cited accounts receivable growing faster than revenue in nine of the previous 12 quarters as a potential sign of aggressive revenue recognition.

Palantir’s partnership with Nebius designates Nebius as its preferred sovereign-AI infrastructure partner and allows Palantir customers to deploy and fine-tune open models on Nebius hardware—an arrangement that could directly challenge Burry’s bearish thesis on both companies.

Even excluding put options, Burry’s short stock positions represented more than 21% of his portfolio, underscoring that the options sales did not eliminate his broader bearish exposure to technology and AI.

Burry has questioned whether companies’ billions of dollars in GPU purchases and data-center construction will produce sufficient returns, and he has described financing structures supporting some of those purchases as “fugazi,” or effectively fictitious.