Michael Burry, the investor who is famous for predicting the 2008 housing market crash and was portrayed by Christian Bale in the Oscar-winning movie “The Big Short,” has a new bubble prediction. This time, it’s AI.
Burry’s hedge fund Scion Asset Management disclosed put options on Nvidia, and an even larger one on Palantir, according to regulatory filings from Sept. 30 that were released on Monday.
Both companies are considered AI darlings, and their stocks have been buoyed high on the tails of the AI trade. Nvidia is the only company in the world to be worth more than $5 trillion . Palantir’s stock was up 150% this year.
Palantir CEO Alex Karp was visibly unhappy about Burry’s decision.
“I do think this behavior is egregious and I’m going to be dancing around when it’s proven wro

Gizmodo

CNN Business
Fortune
Associated Press Top News
Greensboro News and Record
WFVX WVII News
KRWG Public Media
Reuters US Business
The Spectator
CNBC
WVTM 13 Politics
Raw Story