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The 'Big Short' Guy Just Bet $1.1 Billion Against AI Giants

Michael Burry, renowned for predicting the 2008 financial crisis, has made headlines by disclosing a $1.1 billion short position against AI companies Nvidia and Palantir, suggesting these stocks are in bubble territory. Following his announcement, stocks for both companies saw significant declines; Palantir dropped as much as 16%, while Nvidia faced a more modest dip. Burry's short positions represent 80% of his fund's portfolio.

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The 'Big Short' Guy Just Bet $1.1 Billion Against AI Giants

Michael Burry, famed for predicting the 2008 financial crisis, has placed a $1.1 billion short position against AI stocks Nvidia and Palantir Technologies, claiming they are in bubble territory. His fund holds significant put options, constituting 80% of Scion Asset Management's portfolio as of September 30. Following

The 'Big Short' Guy Just Bet $1.1 Billion Against AI Giants

Michael Burry, famed for his prediction of the 2008 housing crisis, has disclosed a substantial $1.1 billion short position against Nvidia and Palantir Technologies, asserting that AI stocks are in bubble territory. This move has triggered a significant sell-off in tech markets, notably causing Palantir's shares to

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