Michael Burry Disclosed Put Options Worth an Estimated $1.1 Billion Against Nvidia and Palantir Before Closing His Hedge Fund. Was That Bearish Bet Ahead of Its Time?

Key Points Michael Burry has taken a strong stance against the high prices of some of the biggest AI stocks in the market. Burry closed his hedge fund last year, but not before disclosing sizable bets against Palantir and Nvidia. He recently adjusted his positions to ensure he isn't exposed to too much risk. 10 stocks we like better than Palantir Technologies › Michael Burry bought his first credit default swaps on subprime mortgage bonds for his Scion Asset Management hedge fund in 2005. He continued to buy those contracts, which offered limited downsides but huge upsides if he was right, even as the trade moved against him.