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JUST IN: Michael Burry, the investor known for predicting the subprime mortgage crisis, confirmed that he maintains his bearish position on Palantir even after a post by Donald Trump briefly boosted the stock.
The fund manager argues that the software and AI company continues to trade well above its fundamental value.
Michael Burry said he continues to hold long term put options on Palantir.
Donald Trump publicly praised the company, helping to lift the stock from its intraday lows.