Big Short investor Michael Burry predicts 50% Palantir collapse citing unethical practices and technicals

Michael Burry, the investor known from 'The Big Short', publicly accused Palantir of engaging in unethical practices and "covert smear campaigns."

Burry highlighted a controversy involving the UK National Health Service (NHS) where Palantir faces investigation for potential contract breaches. The investigation focuses on allegations that the company hired a firm to counter public criticism.

The investor also presented a bearish technical analysis identifying a Head & Shoulders reversal pattern. Burry forecasts a potential stock collapse exceeding 50%. He predicts a landing area between $50 and $60 per share. This target represents a steep decline from the recent trading price of approximately $131.