Michael Burry is going all in on shorting the bubble

Michael Burry is going all in on shorting the bubble
byu/Quixotus inwallstreetbets

Michael Burry goes short on $PLTR and $NVDA in his latest 13F filing.

Scion Capital just bought put options on 1M Nvidia shares and 5M Palantir shares.

Pure bubble shorting, he’s going after the next 2008.

‘Big Short’ trader makes $1 billion bet against AI boom…

A US investor depicted in the film The Big Short has placed a significant bet against artificial intelligence (AI).

Michael Burry, who bet on a US housing market crash in the run-up to the 2007 crisis, has wagered $1.1bn (£840m) on falls in shares of chip-maker Nvidia and software company Palantir.

The moves will intensify concerns about a possible bubble in AI stocks, following a surge in values driven by hopes of huge future earnings from the sector.

Last week Mr Burry returned to X for the first time since April 2023 to post warnings about a bubble. On Thursday, he posted a picture of Christian Bale playing him in The Big Short and wrote: