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Barry, OppHub America Desk · · Source: yahoo-tickers-tape-movers

Michael Burry Bets Palantir Faces 99% Collapse Despite Strong Q2

Investors and traders should monitor Palantir Technologies as Michael Burry's significant bearish position stands in contrast to the company's recent strong revenue and cash flow figures, potentially creating volatility.

Based on reporting from yahoo-tickers-tape-movers.

Hedge fund titan Michael Burry has reignited a bearish stance on Palantir Technologies (NYSE: PLTR), revealing put options that suggest he expects shares to plummet by over 99% from current levels. This bold prediction clashes with Palantir's recent second-quarter performance, which showed significant revenue growth and strong free cash flow.

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$PLTRPalantir Technologies

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Michael Burry Bets Palantir Faces 99% Collapse Despite Strong Q2
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Investor Michael Burry is signaling extreme bearishness on Palantir Technologies (NYSE: PLTR), re-establishing short positions that imply a potential collapse of over 99% in the stock's value. Burry's bet, structured through March 2027 $100 put options, positions him for a significant decline even as Palantir reported robust second-quarter results. The company's revenue rose 93% year-over-year to $1.94 billion, with U.S. commercial sales surging 149% to $764 million and U.S. government revenue climbing 90% to $809 million. Furthermore, adjusted free cash flow reached $1.22 billion, yielding a 63% margin, and U.S. commercial remaining deal value rose 124% to $6.24 billion. These metrics starkly contrast with a valuation implying a near-total collapse, suggesting a significant divergence between Burry's outlook and the company's operational performance.

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Story playbook

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Snapshot date: August 19, 2026 at 10:46 AM ET

This playbook was built when the story published and is not live-updated. Prices, news, and risk can change after this date — treat it as a starting map, not a current trade ticket.

Story → money map

Tech valuation and short bets

A famous bearish investor named Michael Burry is betting heavily that Palantir's stock will crash by over 99%, even though the company just reported great financial results. People with money in the market care because high-profile bets like this often cause wild price swings and intense debate over tech stock valuations.

What changed

Michael Burry revealed massive put options against Palantir, clashing with its stellar Q2 earnings.

Who wins / who loses

Bearish macro speculators and volatility traders benefit from the drama, while long-term Palantir shareholders face heightened sentiment risk.

Time horizon

Think in terms of the next few weeks.

Confidence & best fit

medium confidence · Active trader

Quick glossary: Watch = track, don’t buy yet · Build slowly = only if it fits your plan · Protect = reduce risk · ETF = a basket of stocks (often safer than one company)
Safer theme exposure (ETFs)

Baskets that own the theme without betting on one company.

  • $QQQ A basket of top technology companies that lets you invest in the tech sector without risking everything on one stock.

    Chart →

  • $ARKK An exchange-traded fund focused on disruptive innovation that tends to move alongside high-valuation stocks like Palantir.

    Chart →

Single stocks (higher risk)

Primary = closest to the story · Peers = same industry · Second-order = knock-on effects · Avoid = looks related but may be a trap

Primary

  • $PLTRWatch — track, don’t rush

    The main company in the news, which might experience sharp price swings up and down as investors argue over its true value.

    View $PLTR chart → · End-of-day delayed data

Second-order

  • $SPYWatch — track, don’t rush

    The broader stock market index, helpful for watching overall tech sector mood.

    View $SPY chart → · End-of-day delayed data

Options (education only)

No strikes or expiries — a framework for how traders might express the view. Options can expire worthless.

Direction: bearish · Style: Protective put / downside hedge idea · Level: intermediate

Buying a put option is like buying insurance that pays out if the stock price drops significantly. Beginners should generally skip options on volatile stocks because they can lose all their money quickly if the timing is wrong.

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Income / OppHub America angle

Not a trade tip — ways to use the insight outside the market.

  • Monitor options volume and implied volatility metrics for high-valuation software stocks.
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What would break this thesis
  • Palantir continues to accelerate revenue growth and beats earnings expectations repeatedly, forcing short sellers to cover.
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Important

Not financial advice. OppHub America playbooks are educational market maps only — not recommendations to buy, sell, or hold any security. Markets move fast; information can be wrong or outdated. Trade and invest at your own risk. Do your own research or consult a licensed advisor.

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Based on reporting from yahoo-tickers-tape-movers.

Informational and educational only — not investment, financial, or legal advice. Disclosure

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