Michael Burry Is Still Short Palantir. Here's What Its Nov. 2 Report Has to Show.

Michael Burry maintains his bearish bet against Palantir Technologies through put options expiring in 2027, arguing the company's fundamental value is below $50 per share. The upcoming Nov. 2 Q3 earnings report will be critical—two key metrics matter most: whether revenue beats guidance (suggesting continued strong growth) and U.S. commercial revenue performance (which needs to sustain ~22% quarter-over-quarter growth to meet full-year targets). Strong results could undermine Burry's thesis, though the stock remains expensive at 166x trailing earnings.