Michael Burry delivers brutal verdict on $420 billion AI giant

Source: Biztoc.com· finance.yahoo.com· August 12, 2026
Michael Burry delivers brutal verdict on $420 billion AI giant

I covered Michael Burry's first Palantir short thesis on June 4, when he called the stock a "sand castle" trading at 16 times intrinsic value. The stock dropped sharply the following day. Then Palantir reported one of the most extraordinary quarters in enterp…

This story was reported by Biztoc.com. Read the full original article:
Read on Biztoc.com

More in Business & Funding

View all
Principal Mineral Acquires Conductive Group, Expanding Its Advanced Materials Platform to Help Build More Diverse and Secure Supply Chains
Principal Mineral Acquires Conductive Group, Expanding Its Advanced Materials Platform to Help Build More Diverse and Secure Supply Chains

Deal adds to Principal Mineral's growing portfolio following recent acquisition of Isola DALLAS, Aug. 12, 2026 /PRNewswire/ -- Principal Mineral, a leader in rebuilding the industrial "missing midstream" of the global strategic materials supply chain, today a…

PRNewswire · Aug 12, 2026
Cisco's stock drops despite earnings, revenue beat - CNBC

Cisco's stock drops despite earnings, revenue beatCNBC Cisco’s (NASDAQ:CSCO) Q2 CY2026 Sales Beat Estimates, Guides for Strong Full-Year SalesYahoo Finance Cisco forecasts annual revenue above estimates on sustained AI spendingReuters Cisco Earnings Beat Esti…

Slashdot.org · Aug 12, 2026
CoreWeave and Nebius Group Deliver Earnings Shocker. Here's What It Signals About the Future of AI. - Yahoo Finance

CoreWeave and Nebius Group Deliver Earnings Shocker. Here's What It Signals About the Future of AI.Yahoo Finance CoreWeave surges 18% after a 'cleaner quarter.' Here's what's happeningCNBC CoreWeave Stock Surge Gives the AI Trade a Boostwsj.com CoreWeave Shar…

Slashdot.org · Aug 12, 2026
Trading Day: AI cheer, new highs near
Trading Day: AI cheer, new highs near

Stocks end largely higher as traders pare rate hike bets after July CPI report By Jamie McGeever ORLANDO, Florida, Aug 12 (Reuters) - Upbeat tech earnings pushed the Nasdaq, S&P 500 and MSCI All Country indices to within a whisker of their all-time highs on W…

Biztoc.com · Aug 12, 2026