On July 28, Palantir Technologies Inc. fell 3.08% in pre-market trading, trading at $128.2/share, with turnover of $31.34 million.
On the news front, legendary investor Michael Burry disclosed his latest portfolio moves via Substack on July 25, confirming he is maintaining his short position on Palantir while expanding bearish bets on NVIDIA and Micron Technology. Data shows several of Burry's short positions have already generated gains during the July market pullback. Burry has argued that NVIDIA's substantial demand is not driven by end customers but rather circulated through off-balance-sheet financing arrangements.
Counterbalancing the bearish pressure, Oppenheimer issued a bullish note on the same day, projecting Q2 revenue growth of approximately 85% year-over-year, exceeding the company's 79% guidance midpoint. The firm maintains a $200 price target. Palantir is scheduled to report Q2 earnings on August 3 after market close, with consensus EPS expectations of $0.28.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)