Palantir (PLTR.US) received key authorization from DISA, "The Big Short" Burry warns stock price will drop nearly 60%

Palantir (PLTR.US) announced that it has received an important authorization from the Defense Information Systems Agency (DISA), while well-known investor Michael Burry has expressed caution regarding the stock. The company's announcement stated that DISA has approved the extension of its Federal Cloud Services Forward Level 5 and Impact Level 6 temporary authorization to local and edge deployment scenarios. This means that Palantir's technology stack - including core products such as its artificial intelligence platform - can now be deployed locally and at the edge on any hardware. This gives the U.S. government the freedom to choose hardware-agnostic solutions, allowing for the deployment of a multi-vendor architecture for critical missions. "The future of warfare demands ubiquitous software capabilities - from enterprise data centers to tactical edges," said Akash Jain, President and Chief Technology Officer of Palantir U.S. Government Business. "PFCSForward fulfills this promise of hardware agnosticism, allowing critical mission capabilities to be deployed with the survivability and resilience required by warfighters. We are proud to continue working with DISA to give the U.S. government the flexibility to deploy cutting-edge technology as needed for missions. This opens the door to a truly multi-vendor architecture at the edge, bringing top commercial technology into critical national security missions at unprecedented speed." Renowned investor Michael Burry also released a cautious assessment report on Palantir on his investment website. Burry rose to fame for successfully shorting the U.S. subprime mortgage market before the 2008 financial crisis and is one of the prototypes for the character in the movie "The Big Short." His warnings about technology stocks and market bubbles have always been closely watched by the market. Earlier this month, Burry hinted that he was "doing some homework on Palantir." Recently, he warned that Palantir's stock price is poised for a significant technical drop, with a potential drop of nearly 60%. The next support level for Palantir's stock price is around $80, with the final "landing zone" between $50 and $60. As of the time of writing, Palantir's stock is up 0.36% in pre-market trading.