Michael Burry, the famous “Big Short” investor, has once again sounded alarms over Palantir Technologies, describing the company’s stock as “a sand castle” and highlighting its prolonged decline. In a post shared on social media platform X (formerly known as Twitter) Burry shared a chart noting Palantir had made a “new lower low” after a “low volume top,” adding the phrase: “rock rock til you drop.” Palantir shares traded near fresh 52-week lows on Tuesday, pressured by a broader selloff in software and artificial intelligence stocks.

Michael Burry's Palantir short position remains active despite social media rumors, with the investor calling PLTR a 'sand castle' trading at 16x intrinsic

Palantir stock hit a 52-week low near $106 after dropping 25% in June 2026, its worst month in five years, as AI competition and valuation concerns mount.