Michael Burry Ditches Palantir to Back Salesforce’s Cross-Selling Potential
Value investor Michael Burry closed his Palantir stake over AI agent competition and initiated a position in Salesforce, citing its large enterprise customer base and cross-selling opportunities as superior near-term earnings drivers. He expects Salesforce to offer greater value relative to peers under pressure from emerging agentic AI tools.
1. Burry reallocates from Palantir to Salesforce
Michael Burry reduced his Palantir Technologies holding, citing concerns that AI agents threaten Palantir’s core growth prospects. He redirected capital into Salesforce, arguing the software giant’s established enterprise relationships and cross-selling capabilities offer a more attractive near-term earnings path.
2. Salesforce’s competitive strengths
Salesforce benefits from a diversified customer base across CRM, service, marketing and workflow automation solutions. Burry highlighted the company’s ability to leverage existing contracts for upsell opportunities, positioning it to weather challenges facing single-product AI peers.