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'Big Short' investor Michael Burry confirms he's sold GameStop and says he's shorting Palantir

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Michael Burry said he sold his GameStop stake and opened an "outright short" on Palantir, signaling a bearish shift in positioning. He also said GameStop's proposed eBay deal does not fit his "Instant Berkshire" thesis. The update is notable for sentiment in both names, but it is likely to have limited broader market impact.

Analysis

Michael Burry said he sold his GameStop stake and opened an "outright short" on Palantir, signaling a bearish shift in positioning. He also said GameStop's proposed eBay deal does not fit his "Instant Berkshire" thesis. The update is notable for sentiment in both names, but it is likely to have limited broader market impact.

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Market Sentiment

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mildly negative

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