Michael Burry closes stake in Palantir while opening fresh position in Salesforce, signaling shift in enterprise AI software valuations

Burry, the investor who bet against the 2008 housing collapse, posted on his Substack blog that he is souring on Palantir Technologies while signaling optimism about Salesforce by opening a fresh stake in it.

Palantir's Foundry and Gotham platforms integrate disparate data sources into operational intelligence for high-stakes environments, while Salesforce is the market leader in customer relationship management, unifying sales, marketing, and commerce through its Einstein AI feature—one excels at bespoke analytics, the other at standardizing high-volume workflows.

Palantir's stock has faced selling pressure over recent months as investors worry that AI agents (autonomous tools that can draft emails, analyze pipelines, and orchestrate campaigns with minimal human input) could render legacy enterprise software tools unnecessary, triggering subscription fatigue and IT budget cuts; by contrast, Salesforce trades at more reasonable valuation multiples and has a massive installed base positioned to cross-sell AI modules into existing customer contracts.