Michael Burry, who famously shorted the US housing market before its collapse in 2008, has bet over $1 billion that the share prices of AI chipmaker Nvidia and software company Palantir will fall — making a similar play, in other words, on the prediction that the AI industry will collapse.

According to the Securities and Exchange Commission filings, his fund, Scion Asset Management, bought $187.6 million in puts on Nvidia and $912 million in puts on Palantir, as CNN reports.

Burry similarly made a long-term $1 billion bet from 2005 onwards against the US mortgage market, anticipating its collapse. His fund rose a whopping 489 percent when the market did subsequently fall apart in 2008.

It’s a major vote of no confidence in the AI industry, highlighting growing concerns that the sector i

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