Palantir (PLTR) Expected to Drop $200B in Intrinsic Value Amid AI Bubble Concerns

Investor Michael Burry, known for accurately forecasting the 2008 housing crash, predicts Palantir (PLTR) could lose up to $200 billion in intrinsic value over the next several years. He attributes the firm’s success to overblown AI hype and consultancy work, noting its CEO initially underplayed large language models and spun them as a strategic advantage. Palantir, a major NHS data integration contractor in the UK and a builder of the government’s Covid dashboard, faces renewed scrutiny as A&E trolley waits reach record levels. Burry estimates fair value is about $46 per share, down 64% from PLTR’s $129 closing price on February 13, 2026, implying a market value less than $100 billion. He argues legacy customers have long subsidized the firm’s software with $4 billion in investor capital, and with generative AI emerging, competitive pressure could erode margins and valuations.