Michael Burry Bets Against Nvidia and Palantir With New Put Options
Michael Burry’s Scion Asset Management has taken new bearish positions on Nvidia Corp. and Palantir Technologies Inc., according to SEC filings released Monday. The well-known hedge fund manager, famous for predicting the 2008 U.S. housing market crash, purchased put options on both companies — a strategy that profits if their stock prices fall.
The latest 13F filings also revealed that Burry’s firm opened call option positions on Halliburton Co. and Pfizer Inc., suggesting a more bullish outlook for those stocks.
Burry’s disclosure came shortly after he posted a cryptic warning on X (formerly Twitter). The post featured an image of his movie character from The Big Short alongside the caption, “sometimes, we see bubbles.”
On Monday evening, Burry followed up with more images on his X account, including a Bloomberg News graphic highlighting circular financing risks involving Nvidia and other major companies.
This isn’t Burry’s first move against Nvidia. His fund had previously disclosed put positions on Nvidia in Q1 2025, though that filing noted the options may have been used to hedge unreported long positions. The new Q3 filing did not include such a disclaimer, implying a more direct bearish bet this time.
Burry’s renewed focus on AI-driven stocks like Nvidia and Palantir comes amid growing debate over tech valuations and the sustainability of the current AI market boom.
