Trump Endorses Palantir as Michael Burry Maintains Short Position

President Donald Trump endorsed Palantir Technologies on Truth Social on April 10, 2026, praising the company's "great war fighting capabilities and equipment" and suggesting critics "just ask our enemies." The endorsement triggered a brief 3% stock recovery, with shares jumping from approximately $123 to $127, though the company remains down nearly 30% year-to-date from a 52-week high of $207.52.

This presidential support coincides with Palantir's expanding role in U.S. defense, including a $10 billion contract with the U.S. Army and the permanent designation of Project Maven as a program of record. The company's Gotham and Foundry software currently provide real-time intelligence in conflicts such as the Russia-Ukraine War.

Despite the endorsement, investor Michael Burry continues to maintain significant short positions via long-dated put options, arguing that Palantir is "wildly overvalued" and operates more like a consulting firm than a software company. Burry claims the AI startup Anthropic is "eating Palantir's lunch" due to faster growth and superior scalability. While Anthropic's revenue has grown to $30 billion, the Trump administration has simultaneously labeled the startup a potential national security threat following a dispute with the Department of Defense over AI safety guardrails. Palantir CEO Alex Karp has previously dismissed Burry's financial positions as "super weird" and "bats--- crazy."