Michael Burry Targets AI Tech Darlings Nvidia and Palantir with Bearish Bets
Michael Burry, the investor immortalized in 'The Big Short,' has turned his attention to two high-flying AI stocks. Through Scion Asset Management, Burry has acquired put options on Nvidia (NVDA) and Palantir (PLTR), positioning for a potential downturn in these market favorites.
The MOVE echoes Burry's prescient 2008 housing market short. While his bearish stance has drawn attention, some analysts maintain constructive outlooks on both companies. Nvidia continues to dominate AI chipmaking, while Palantir's government contracts provide revenue stability.
Market observers note the irony of targeting AI leaders during the sector's explosive growth. The bets highlight growing concerns about stretched valuations in tech, even as institutional money continues flowing into AI-related assets.
