Fund manager who predicted Great Recession sparks fiery Palantir CEO rant

The White House has announced that Nvidia is prohibited from selling its most advanced AI chip to China, a move that could significantly impact the tech giant's business strategy and the broader AI landscape.

Palantir's shares have taken a hit following the news that renowned hedge fund manager Michael Burry has made a significant bearish bet against the stock, amounting to $912 million. This development has raised concerns among investors about the company's future performance.

Investor Michael Burry, known for predicting the 2008 financial crisis, has raised concerns about a potential AI bubble, suggesting that sometimes the best strategy is to avoid the market altogether. His recent bearish moves on stocks like Nvidia and Palantir highlight his cautious stance, which could signal trouble ahead for investors. This matters because Burry's insights often influence market sentiment, and his warnings could lead to increased volatility in tech stocks.

Wall Street is experiencing a downturn as expectations for Big Tech's AI advancements begin to wane. Companies like Palantir, Nvidia, and Tesla are seeing significant declines, which is impacting major indices like the S&P and the Dow. This matters because it reflects broader concerns about the sustainability of tech-driven growth and the potential implications of Federal Reserve policies on the market.

US stocks experienced a significant drop on Tuesday, primarily driven by disappointing earnings from Palantir Technologies Inc. This has raised valuation concerns among investors, particularly in the artificial intelligence sector. Wall Street executives are also cautioning that the equity market may be due for a pullback, which adds to the unease. This situation is important as it reflects broader market sentiments and could influence investment strategies moving forward.

Michael Burry, known for predicting the 2008 financial crisis, has recently purchased put options on Nvidia and Palantir, signaling his bearish outlook on these tech stocks. This move is significant as it reflects Burry's concerns about the potential overvaluation of these companies, which could impact investor sentiment and market trends. His actions often draw attention, and this could lead to increased scrutiny of Nvidia and Palantir's future performance.

Palantir Technologies is facing scrutiny as its shares dropped in premarket trading after a significant rally this year. Despite raising its annual revenue outlook to $4.4 billion and exceeding third-quarter sales estimates, analysts express concerns about the company's high stock valuation. CEO Alex Karp acknowledged the situation, indicating that the stock is in a precarious position. This matters because it highlights the volatility in the tech sector and raises questions about sustainable growth amidst inflated valuations.

The stock market saw a significant boost with the S&P and Nasdaq surging, largely driven by the recent deal between Amazon and OpenAI. This collaboration is expected to enhance technological advancements and market competitiveness, which is great news for investors. Nvidia also experienced an uptick, reflecting growing confidence in tech stocks. This surge is important as it indicates a positive shift in market sentiment and could lead to increased investment in the tech sector.

Apollo has made a significant investment of $75 billion this quarter, showcasing its growth in deal capacity. The New York-based credit investor is on track to achieve its ambitious goal of $275 billion in new investments for the year.

The crypto industry is gearing up for the 2026 midterms with a significant financial boost, amassing around $263 million through super political action committees. This amount nearly doubles the spending of the largest committee in the 2024 elections, showcasing the growing influence of crypto in politics.

Mizuho has reaffirmed its Outperform rating on Chewy's stock, even with the recent increase in membership fees. This decision reflects confidence in Chewy's business model and growth potential, suggesting that the company is well-positioned to navigate the changes.

Geberit has reported a 5.4% increase in sales for Q3 2025, showcasing resilience despite facing currency headwinds. This growth reflects the company's strong market position and effective strategies.

The U.S. bank regulator is taking steps to ensure that major banks have eliminated their 'debanking' policies, which could lead to a more inclusive banking environment for all customers.

The U.S. bank regulator has expressed that mergers could bring significant value to the banking sector and is dedicated to conducting a swift review process. This commitment aims to facilitate beneficial consolidations that can enhance efficiency and stability in the financial landscape.