Big Short investor Michael Burry places $1.1bn bet against leading AI stocks
Michael Burry's Scion Asset Management bought $1.1 billion of put options against Nvidia and Palantir, betting on declines in AI-related stock valuations.
'Big Short' investor Michael Burry follows up cryptic AI bubble warning warning with bearish stock activity on Nvidia and Palantir | Fortune
Michael Burry's Scion Asset Management bought over $1 billion in put options against Nvidia and Palantir, betting on an overvalued AI-driven tech bubble.
Nvidia Stock's Path to $350. Could Such a Rally Pressure Burry to Close His Bet?
Betting against Nvidia via put options hinges on precise timing and thesis, and could trigger broad market ripples given Nvidia's massive market-cap concentration.