CMB Stock News Of The Day 📰🗞️🗞️📈📉

“Michael Burry Takes $1.1 Billion Swing Against AI Titans Nvidia and Palantir” 🚨🚨🚨

“Big Short” investor Michael Burry — best known for calling the 2008 housing collapse — is back with another bold market move, this time targeting two of Wall Street’s hottest artificial intelligence stocks.

According to a quarterly 13F filing released Monday, Burry’s Scion Asset Management revealed new bearish bets against Nvidia (NVDA $202.62 +2.24%) and Palantir (PLTR $191.58 +3.51%), worth a combined $1.1 billion in notional value.

The filing shows Burry purchased put options on roughly 5 million Palantir shares, valued around $912 million, and 1 million Nvidia shares worth $187 million — positions that together account for about 80% of Scion’s disclosed U.S. equity portfolio.

The move comes amid a stunning AI-driven rally that has sent both stocks to record highs. Nvidia shares have surged roughly 50% this year, pushing the chipmaker’s market cap above $5 trillion for the first time. Palantir, meanwhile, has skyrocketed 176% year-to-date, after logging its ninth straight earnings beat and boosting full-year revenue guidance to nearly $4.4 billion.

Still, Burry’s bearish stance appears to be weighing on sentiment. Palantir shares slipped 6.6% in early Tuesday trading, while Nvidia edged 1.8% lower as investors digested the filing.

Last week, Burry hinted at his cautious outlook, posting on X (formerly Twitter) that “sometimes the only winning move is not to play,” fueling speculation that he sees a broader bubble forming in AI and tech valuations.

Scion’s filing also revealed smaller bullish positions, including call options on Pfizer and Halliburton, along with equity stakes in Lululemon, Bruker, Molina Healthcare, and Sallie Mae — a more defensive mix that suggests Burry is bracing for volatility ahead.