🚨 Michael Burry Bets Against AI Giants 🚨
$1.1B Put Options Shake Tech and AI Markets
Scion Asset Management, led by the legendary investor Michael Burry (famous for predicting the 2008 financial crisis), has revealed put option positions against Nvidia and Palantir, totaling nearly $1.1 billion.
The disclosure sparked a notable sell-off across AI-related stocks, with Palantir facing the sharpest decline while Nvidia saw a more modest drop — yet the psychological impact rippled through the broader tech market.
Position Details
Equivalent to ~5 million Palantir shares and ~1 million Nvidia shares covered by put options.
The positions represented about 80% of Scion’s portfolio at the end of Q3.
The move triggered a wave of caution among investors and institutions.
📊 Market Insight
Burry’s trades are often seen as contrarian signals, especially in overheated sectors like artificial intelligence.
However, holding put options does not necessarily mean direct short-selling — it could also reflect a temporary hedging strategy.
The disclosure only reflects positions as of the end of Q3, meaning they could have been adjusted afterward.
Michael Burry’s $1.1B bet against Nvidia and Palantir reignited debate over a potential AI valuation bubble and whether the market might be entering a corrective phase.
