US EditionConcern on Share Markets as The Big Short's Michael Burry Bets Against Top AI Stocks
Michael Burry placed a $1 billion bet against Nvidia and Palantir, warning of an AI bubble similar to 2008’s housing market crash, according to regulatory filings.
- Last month, a regulatory filing revealed Michael Burry, hedge fund manager, placed short positions on Nvidia and Palantir through Scion Asset Management, warning of an AI bubble.
- Michael Burry, famed for predicting the 2008 housing market crash in The Big Short, has a history of large bearish bets when spotting bubbles, James Kardatzke said.
- Scion Asset Management disclosed a 700million short against Palantir and a 145million short versus Nvidia, totaling an 845million bet against the AI boom via short selling.
- Following the filing, markets reacted as the tech-heavy Nasdaq fell while Palantir dropped 8 and Nvidia slipped 4, with Dan Coatsworth saying, 'Time will tell if Burry has got his timing right or if the share decline in pre-market trading simply represents a pause for breath before Palantir starts racing higher again.'
- Nvidia has risen more than 13-fold since 2023 and recently became the first $5 trillion company, while Palantir trades at nearly 250 times forward earnings after a 30-fold rise.
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Michael Burry’s Bearish Nvidia Bet: What It Means For ASX Investors - Fat Tail Daily
The RBA rained on the Melbourne Cup parade this week. Rates on hold. Inflation sticky. A risk that the housing market could get stuck. But while everyone focused on Australia’s rate drama, the real story for me, was unfolding ~10,000 kilometers away in New York. Michael Burry just bet against Nvidia! The man who called the housing crash You know Burry from The Big Short. He made his name shorting subprime mortgages between 2006 and 2008 when eve…
Ignore Michael Burry, Stay Invested in Tech
InvestorPlace - Stock Market News, Stock Advice & Trading Tips Michael Burry shorts Nvidia and Palantir… Louis Navellier’s reaction… the “entry price” AI trade with long legs… how to invest in it… the trade Jonathan Rose says could 10X and even 20X your portfolio VIEW IN BROWSER A fund manager – who’s not an AI expert – placed a bet against two AI leaders… According… The post Ignore Michael Burry, Stay Invested in Tech appeared first on Investor…
Michael Burry, the famous manager depicted in the film The Big Short after the collapse of the collapse in 2008, may be standing in the fall of the actions of the Plantir — taking the company's CEO, Alex Karp, to the public to defend the company. In a form sent to the SEC, Barry's manager, the Scion Asset Management, reported that he held Plantir’s pockets with a US$ 912 million novel — in addition to other US$ 187 million in a trading position …
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