Michael Burry, known for his role in 'The Big Short', has placed significant bets against Nvidia and Palantir, investing $1 billion in put orders. This move raises alarms about a potential AI market bubble, despite the strong performance of these companies. Burry's actions highlight the growing skepticism among investors regarding the sustainability of AI-driven stocks, making it a crucial moment for market watchers.

Bloomberg's Caroline Hyde and Ed Ludlow highlight the recent decline in tech shares amid rising concerns about the sustainability of the AI rally. They also analyze earnings reports from companies like Palantir, Uber, Spotify, and Grab. Additionally, the world's largest sovereign wealth fund has voted against Tesla's proposed pay package for CEO Elon Musk.

Amazon's recent $38 billion deal to supply OpenAI with Nvidia chips marks a significant milestone in the ongoing AI investment boom. This partnership not only highlights the growing demand for advanced AI technologies but also positions both companies at the forefront of innovation. Additionally, the shift of Xiaomi from smartphones to electric vehicles raises concerns about potential human costs, while Palantir's upcoming earnings are anticipated to reflect a strong interest in AI and defense tech. This news is crucial as it underscores the rapid evolution of technology and its implications for various industries.

Palantir has reported a remarkable 63% year-over-year increase in Q3 revenue, reaching $1.18 billion, surpassing estimates of $1.09 billion. The company's revenue from the US government also saw a significant rise of 52%, totaling $486 million. This strong performance not only highlights Palantir's growing influence in the tech sector but also sets a positive tone for future quarters, as the company forecasts Q4 revenue to exceed expectations. Such growth is crucial as it reflects the increasing demand for data analytics and software solutions in both government and commercial sectors.

Palantir is shaking up the traditional hiring model with its new four-month 'Meritocracy Fellowship' aimed at high school graduates. This innovative program offers a pathway to employment at Palantir without the need for a university degree, challenging the notion that higher education is essential for success in tech. By focusing on skills and potential rather than formal education, Palantir is opening doors for talented individuals who may have been overlooked, making it a significant move in the evolving job market.