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Palantir CEO angrily retorts to the "big short": shorting Palantir and Nvidia is essentially shorting AI.
According to ChainCatcher news and a report from Gelonghui, Palantir CEO Alex Karp publicly responded to shorting parties, specifically naming “big short” Michael Burry, whose asset management company Scion disclosed in the latest regulatory filing that it holds a large amount of put options on Palantir and NVIDIA. Affected by this bearish sentiment, Palantir fell nearly 8% overnight, while NVIDIA dropped nearly 4%. Karp stated on a program on Tuesday that the two companies Burry is shorting have extremely strong profitability, and he described the idea of shorting chip and ontology (a key supporting technology in AI technology systems) companies as “simply insane,” claiming that this move is essentially shorting AI. Karp declared that if Burry ultimately turns out to be wrong, he will celebrate and criticized, saying, “Shorting is very complicated, and to be honest, I think this is market manipulation. We have achieved the best performance ever, and it's not even clear if he is doing this to close his positions. These people publicly advocate for ethics, but in reality, they are shorting one of the best companies in the world.” According to previous reports, the prototype of the “big short” Michael Burry's latest holdings have been revealed: 80% of his positions are shorting Palantir and Nvidia.