Michael Burry, famed for 'The Big Short,' placed large bearish bets on AI stocks Palantir and Nvidia. His put options against Palantir, valued at $912 million, have gained as Palantir's stock fell 34.12% from $200.47 to $132.07 by June 2026. However, his smaller $186 million bet against Nvidia has lost value, with Nvidia shares rising 2.81% over the same period. Burry appears to maintain these positions, signaling his expectation of a looming market crisis despite recent gains in Nvidia stock.
The U.S. military conducted retaliatory strikes against Iran following the downing of an American Apache helicopter. The strikes, described by U.S. Central Command as a proportional response to Iranian aggression, were announced on social media. Defe...
Last week, key financial stories included the anticipated SpaceX IPO and its potential boost to aerospace ETFs such as the Procure Space ETF (UFO). Investors also showed interest in closed-end funds, highlighted by the Invesco CEF Income Composite ET...
Palantir Technologies' shares fell slightly in a mixed market environment, with the stock trading below key moving averages signaling bearish sentiment. CEO Alex Karp criticized companies for 'token maxing'—using AI superficially rather than for mean...
Apple reported strong Q2 FY26 results with $111.18 billion revenue, driven by high iPhone 17 demand and record Services revenue, alongside a healthy China market recovery. Palantir showed explosive growth with an 84.7% revenue increase, fueled by rap...
Palantir and Oracle both released earnings highlighting AI as a growth driver but with contrasting business approaches. Palantir, a capital-light software company, reported 70% revenue growth led by a 137% surge in U.S. commercial AI adoption, with r...
