Opinion: Palantir CEO Alex Karp's Rant About Short-Sellers Completely Misses the Mark

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Karp laid into short-sellers and Scion Asset Management's investment chief Michael Burry (the "Big Short" investor) in a recent interview.Karp's claims look to be high on emotion, short on facts, and overlook Palantir's historical valuation headwinds.10 stocks we like better than Palantir Technologies ›For much of the last three years, Wall Street and investors have been entranced by the artificial intelligence (AI) revolution. Empowering software and systems with the tools to make split-second decisions, and allowing these systems to become more efficient at their tasks over time, all without the need for human oversight, is a game changer. It's why the analysts at PwC project a $15.7 trillion global addressable market for AI by 2030 in a report they call Sizing the Prize.While graphics processing unit (GPU) kingpin Nvidia has received most of the glory in the AI space, an argument can be made that AI data mining specialist Palantir Technologies (NASDAQ: PLTR) has supplanted Wall Street's largest publicly traded company as the hottest AI stock. Since 2023 began, shares of Palantir had skyrocketed by 2,670%, as of the closing bell on Nov. 7.Image source: Getty Images.Palantir's outspoken CEO and co-founder Alex Karp deserves credit for successfully steering the ship. His company's breadwinning AI-driven software-as-a-service platform (Gotham) is used by the U.S. government and its allies to plan and oversee military operations, and it has no one-for-one replacement.But amid this rampant success, Karp has done the one thing I'd argue a public CEO should never do: draw more attention to himself than his company.Let me preface this discussion by pointing out that not all outspoken CEOs are inherently bad news for their company's stock. Though Tesla CEO Elon Musk is no stranger to controversy, his company's stock is nearing an all-time high.Nevertheless, a recent rant by Palantir's billionaire boss in an interview with CNBC laid out his clear feelings about short-sellers (investors wagering on the share price of a public company to decline), and Scion Asset Management's lead investor, Michael Burry. Yes, this is the same Michael Burry, known as the "Big Short" investor, who successfully wagered against the U.S. housing market prior to the financial crisis taking shape, which generated a profit of around $725 million for his fund.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P 5006,761.42 -89.50 (-1.31%)Dow 3047,774.42 -480.40 (-1.00%)Nasdaq22,914.64 -491.82 (-2.10%)Russell 20002,404.80 -45.99 (-1.88%)VIX19.48 +1.97 (+11.25%)Gold4,206.10 -7.50 (-0.18%)PortfolioSign in to access your portfolioSign inTop gainersCLBT Cellebrite DI Ltd. 19.52 +3.55 (+22.23%)DDS Dillard's, Inc. 731.02 +125.06 (+20.64%)ONDS Ondas Holdings Inc. 6.69 +1.18 (+21.39%)SEE Sealed Air Corporation 43.40 +7.02 (+19.30%)FLY Firefly Aerospace Inc. 21.58 +3.27 (+17.86%)Top losersBE Bloom Energy Corporation 101.63 -25.09 (-19.80%)BTDR Bitdeer Technologies Group 11.25 -2.69 (-19.30%)VIA Via Transportation, Inc. 41.66 -8.84 (-17.50%)FRMI Fermi Inc. 18.26 -3.50 (-16.08%)FLNC Fluence Energy, Inc. 16.43 -2.78 (-14.47%)Most activeONDS Ondas Holdings Inc. 6.69 +1.18 (+21.39%)NVDA NVIDIA Corporation 185.97 -7.83 (-4.04%)OPEN Opendoor Technologies Inc. 8.95 -0.42 (-4.48%)PLUG Plug Power Inc. 2.4750 -0.2550 (-9.34%)TSLA Tesla, Inc. 399.96 -30.64 (-7.12%)Earnings eventsMy earnings eventsEarnings eventsTrending tickersTSLA Tesla, Inc. 399.26 -31.34 (-7.28%)DIS The Walt Disney Company 107.35 -9.30 (-7.97%)NVVE Nuvve Holding Corp. 0.5956 +0.4394 (+280.41%)AVGO Broadcom Inc. 337.76 -17.46 (-4.91%)ONDS Ondas Holdings Inc. 6.64 +1.13 (+20.51%)Top economic events