Michael Burry issues '$100 billion warning' on America's biggest defence tech co

Michael Burry raises concerns about Palantir's steep valuation, likening it to that of a consulting firm. He warns of a potential downfall, primarily due to fluctuating AI demand and the company's financial health. Burry scrutinizes the software classification of Palantir, pointing out the unusual deferred revenue trends. He further underscores how stock compensation and tax advantages are influencing shareholder value while also noting excessive spending on the CEO's personal jet.