Michael Burry, known for his bearish investment strategies, has reiterated his position against Palantir Technologies (PLTR) by holding onto put options with strike prices of $50 and $100, set to expire in 2026 and 2027, respectively. His comments come in the wake of Donald Trump's endorsement of Palantir for its military capabilities during the ongoing conflict in Iran. Burry has expressed concerns about Palantir's heavy reliance on government contracts, which typically yield lower profit margins compared to commercial deals. He also noted that competitor Anthropic may dominate enterprise AI spending, capturing nearly 73% of the market. Palantir's stock has seen a decline of over 16% in the past month, trading at valuation multiples ranging from 100x to 235x earnings, well above the sector average of 20x. Meanwhile, billionaire investor Howard Marks has cautioned about the speculative nature of AI investments, suggesting that while AI's potential is likely underestimated, the current valuations may not be justified. Marks emphasizes the need for caution, advising against investing heavily without acknowledging the risks involved.