Palantir AI Rally Fuels Bearish Bets as ARK Sells and Burry Doubles Down

Palantir posted a strong Q2 with revenue up 93% to $1.94 billion and adjusted EPS of $0.41, boosting the stock about 29% and lifting 2026 revenue guidance. ARK Invest trimmed Palantir holdings by 39,233 shares (about $6.38 million in value), while Michael Burry doubled down on his bearish stance, saying he wishes he had shorted nearly $1 trillion of Palantir and confirming ongoing short positions. Morningstar praised growth and margins but warned the stock’s valuation leaves little room for error as Palantir remains in focus for AI-driven growth.