US EditionAlex Karp blasts ‘Big Short’ investor Michael Burry as ‘bats--- crazy’ for bets against Palantir, Nvidia
- On Monday, Scion Asset Management disclosed in a regulatory filing for the quarter ending September 30 that it purchased five million put options on Palantir Technologies, Inc. valued at $912.1 million and one million put options on NVIDIA Corp. worth $186.58 million.
- Earlier this year, Burry broke a long silence on X to post comparative charts and an AI bubble warning, writing `Sometimes, we see bubbles,` and `These aren't the charts you are looking for. You can go about your business,` Burry said.
- The filing reveals additions and option purchases including 50,000 Lululemon Athletica shares, a 125,000-share Molina Healthcare position, a 480,000-share SLM Corp stake, and calls on Halliburton and Pfizer.
- The filing shows that the market reacted with mixed moves: one stock closed 3.4% higher on Monday then fell 4.3% after-hours, while another closed 2.2% higher.
- Amid AI mania, the trades position Burry as calling the top after Palantir Technologies, Inc. surged 174% this year and NVIDIA Corp. hit a $5 trillion market cap, with AI capex comparisons to the 1999-2000 tech bubble.
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24 Articles
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One News PageFamed Investor Michael Burry Bets Against the AI Boom
You may have seen the portrayal of famous financier and trader Michael Burry in the film The Big Short. Now, it appears that Burry is indirectly using options to take a “big short” position against a couple of widely touted large-cap artificial intelligence (AI) stocks. Burry cemented his legendary status when he audaciously wagered against ... Famed Investor Michael Burry Bets Against the AI Boom
80% Of Michael Burry’s 13F Is Palantir And Nvidia Puts
from ZeroHedge: One day before Halloween (perhaps he would have been better served to wait a few hours for give it a spookier, Oct 31 post date), the “Big Short” Michael Burry emerged from his periodic X/Twitter hibernation, where he tends to nuke his account every so often, only to reemerge several months later, with a cryptic […]
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