How much has Palantir stock fallen year-to-date?

Palantir stock is down 21% year-to-date.

Has Michael Burry sold all his Palantir shares?

The full status of Burry's position is not disclosed, but recent filings show he still holds a short position.

What is Palantir's current stock price?

Palantir stock currently trades at $132.

Was Michael Burry Right About Palantir? PLTR Still Down Over the Past Year

Michael Burry began betting against Palantir (PLTR) in fall 2025. Nine months later, the stock trades at $132, down 5% over the past year and 21% year-to-date. Was he right?

July 6, 2026

2 min read

Source: 24/7 Wall St.

Key Numbers

current price

132

ytd change

-21%

trailing year change

-5%

In fall 2025, famed investor Michael Burry started shorting Palantir (NASDAQ:PLTR), then one of the hottest momentum stocks. Nine months later, PLTR trades at $132, down 5% over the trailing year and 21% year-to-date.

The Bet Details

Burry's exact position size is undisclosed, but regulatory filings show he began building a short position in Q3 2025. At that time, Palantir had surged over 150% in 12 months, fueled by AI enthusiasm.

Stock Performance

Since early 2026, the stock has faced selling pressure amid a tech sector risk-off mood. Q1 2026 earnings missed estimates on some metrics, adding to the pressure.

Burry's Rationale

Burry is known for betting against overvalued assets, as he did with housing before 2008. He likely viewed Palantir's valuation (P/E above 100x) as unsustainable in a high-interest-rate environment.

What It Means for Investors

Burry's bet hasn't fully paid off, but the stock shows weakness. Investors should watch upcoming earnings for growth delivery. No buy or sell recommendation.

Frequently Asked Questions

Michael Burry is an American investor famous for betting against the housing market before the 2008 crisis, as depicted in The Big Short.

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This article was rewritten in Wrqti's editorial style based on information from the original source above. Content is informational only — not investment advice.