Despite the splash his disclosure made, the famed "Big Short" investor is likely sitting on losses from those bearish bets.

Jay Woods reviews Palantir, a key company reporting earnings this week, and why traders will be dissecting this week's Fed speak.

Many analysts are cautious about Palantir's valuation, but several are bullish on its growing commercial businesses as AI contracts ramp up.

While praising Palantir's strong business, analysts remained concerned over the stock's elevated valuation.

There's one thing Palantir's post-earnings reaction shows: Valuations still matter on Wall Street.

"The idea that chips and ontology is what you want to short is bats--- crazy," Alex Karp said.

Wall Street analysts raised concerns about Palantir's elevated valuation and famed hedge fund manager Michael Burry revealed a short position.

“Sometimes, we see bubbles,” Burry said in a recent X post. “Sometimes, there is something to do about it. Sometimes, the only winning move is not to play.”

Despite the splash his disclosure made, the famed "Big Short" investor is likely sitting on losses from those bearish bets.

Palantir CEO Alex Karp twice confronted short sellers this week as the company's shares suffered a double-digit drop.