Palantir CEO Alex Karp ranted against abbreviated sellers, calling retired specifically Michael Burry aft a filing revealed the capitalist of "The Big Short" fame had bets against the AI bundle company, arsenic good arsenic Nvidia, astatine the extremity of the past quarter.
"The 2 companies he's shorting are the ones making each the money, which is ace weird," Karp told CNBC's "Squawk Box." "The thought that chips and ontology is what you privation to abbreviated is bats--- crazy."
"He's really putting a abbreviated connected AI... It was america and Nvidia," Karp added.
When reached via email by CNBC seeking remark connected Karp's remarks, Burry declined to comment.
Palantir shares slid astir 9% Tuesday adjacent aft the bundle institution bushed Wall Street estimates for the 3rd 4th and offered upbeat guidance. Investors person grown progressively wary of lofty valuations successful AI-linked names. Palantir shares, which were up 173% for the twelvemonth heading into Tuesday's trading, person a guardant price-earnings ratio of 228. Nvidia fell much than 2% aft gaining much than 50% this year.
"I bash deliberation this behaviour is egregious and I'm going to beryllium dancing astir erstwhile it's proven wrong," said Karp of abbreviated sellers.
Burry's hedge money Scion Asset Management disclosed enactment options with a notional worth of astir $187 cardinal against Nvidia and $912 cardinal against Palantir arsenic of Sept. 30. successful a filing. The filing didn't specify the onslaught prices oregon expiration dates of the contracts.
It's unclear whether Burry is profiting from Tuesday's declines. The filing reflects his positions astatine the extremity of September, and helium whitethorn person since adjusted his portfolio by now. Burry declined to remark connected his positions.
"It's not adjacent wide he's shorting us. It's astir apt just, 'How bash I get my presumption retired and not look similar a fool?'" Karp said.
The disclosure comes aft Burry hinted astatine renewed caution successful markets successful a cryptic station connected X past week.
"Sometimes, we spot bubbles. Sometimes, determination is thing to bash astir it. Sometimes, the lone winning determination is not to play," helium wrote to his 1.3 cardinal followers connected the platform.
Burry gained fame for his prescient stake against mortgage-backed securities earlier the 2008 fiscal crisis, a commercialized chronicled successful Michael Lewis' The Big Short and the Oscar-winning movie of the aforesaid name.
"With the shorts it's precise complex...honestly I deliberation what's going connected present is marketplace manipulation," Karp said. "We delivered the champion results anyone's ever seen. It's not adjacent wide he's not doing this to get retired of his position. I mean these people, they assertion to beryllium ethical, but they are really shorting 1 of the large businesses of the world."
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