On June 26, Palantir Technologies rose 3.08% in regular trading, trading at approximately $111.15/share, with turnover of $1.458 billion, rebounding after consecutive sessions of decline.
On the news front, legendary hedge fund manager Michael Burry, known as \"The Big Short,\" disclosed that he has closed half of his short position in Palantir, a move widely interpreted as a signal that bearish pressure is easing on a phase basis. Burry noted he still holds put options on the stock but has simultaneously added positions in Fiserv, JD.com, and Adobe, while also purchasing long-dated call options on Microsoft. The stock had previously declined from above $145 in early June to $107.66 in the prior session amid persistent selling of high-valuation AI software names.
Additionally, Palantir's recently announced deep strategic partnership with Zeta Global to co-build enterprise-level AI infrastructure received positive assessments from both Wedbush and Needham, with analysts noting the collaboration validates the enterprise AI commercialization opportunity and is expected to drive over $100 million in revenue for Zeta, further supporting market sentiment.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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