A year after Michael Burry disclosed put options against Palantir and Nvidia, PLTR shares have fallen 3.2%, from $184.17 to $178.34, while the SPDR S&P 500 ETF Trust (SPY) gained 10.1%. The stock jumped 29.5% on earnings day after its latest quarterly report and reached $198.84 by October 26, but it is down 13.9% over one year. Revenue reached $2.313 billion, above the $2.181 billion estimate, and U.S. commercial revenue rose 148% to $984 million, surpassing U.S. government revenue of $953 million for the first time. Even so, with a market cap of about $429 billion, 157 times earnings, 140 times free cash flow and a 0.51% free cash flow yield, the article says the valuation multiples still support the core of Burry's doubts.
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