Michael Burry Is Using Ukraine's Own Words Against Palantir

Michael Burry, who maintains a short position on Palantir Technologies, highlighted Ukraine's development of its own battlefield software called Delta as evidence that Palantir's defense relationships aren't as sticky as the stock's valuation suggests. Ukraine's Defense Minister stated Delta is replacing Palantir in more use cases, though both systems are still in use. Burry argues the stock is significantly overvalued at $135.23 versus his target of under $50, citing heavy stock-based compensation and deal-driven sales as additional concerns.