From Paltan Board Carp has been pitted against short sellers, specifically Michael Burry of “The Big Short” fame of “Big Short” fame, as well as bets against an AI software company. Nvidiaat the end of the last quarter.
“Those two companies that are shrinking are making all the money, which is very interesting,” Karp told PSB “Squin box”. “The idea that chips and ontology is something you want to be short on is wounds—crazy.”
“It actually comes up short on AI … It was the US and Nvidia,” Karp added.
The diversion declined to comment when reached by email by CNBC seeking comment on Karp’s remarks.
Palantir shares are up about 9% Tuesday, up 9% Tuesday, even as the software company heads into its third quarter and suggested guidance. Investors value lots in AI-linked names. Paltanir’s stock traded up 173% on Tuesday, with a forward price-to-earnings ratio of 228. Nvidia is up more than 2% after gaining more than 50% this year.
“I think about this behavior, but when it goes wrong, I’m dancing around,” said Karp of the short sellers.
Burry’s hedge fund asset management options are worth about $187 million with NVIDIA and $912 million with Paltanir as of Sept. 30. The link does not specify the strike price or expiration date of the contracts.
It’s unclear whether Beery will recover from Tuesday’s slump. The order shows his positions at the end of September, and since then he may have adjusted his portfolio by now. Beery declined to comment on his position.
“It cuts us short. How can this make me look stupid?” – said Karp.
The reveal will appear on the Exchange after being saved when updated in last week’s Cryptic Post.
“Sometimes we see bubbles. Sometimes there’s something about it. Sometimes the only winning move is writing to 1.3 million followers on this platform.
For the stock market to counter its mortgage-backed securities, the 2008 financial crisis, Michael Lewis’s biography is featured in the greatest short and award-winning film of the same name, “To Michael Lewis.”
“It’s very complicated with the shorts … To be honest, what I think is happening here is market manipulation,” Karp said. “We’ve had the best results anyone has ever seen