Michael Burry Just Bet $900 Million Against Palantir

Benzinga

Michael Burry — the investor who famously predicted the 2008 financial crash — just made a $900 million bet against Palantir (NASDAQ: PLTR). According to his latest SEC filing, Scion Asset Management purchased 5 million put options on Palantir and 1 million on Nvidia (NASDAQ: NVDA) — signaling that Burry believes an AI bubble could be forming.  Burry’s post on X (formerly Twitter) featured charts comparing cloud growth from Amazon, Alphabet, and Microsoft to the tech bubble of 1999–2000, with a caption reading:  “These aren’t the charts you’re looking for. You can go about your business.”  At the time of filming, Palantir stock was down 7.9% in premarket trading to $190.81, after closing at $207.18. Despite the dip, analysts remain split — with a 12-month average price target of $215 and a high estimate of $255.  This video breaks down Burry’s bearish bet, analyst sentiment, and what it could mean for AI stocks like Palantir, Nvidia, and Microsoft as investor euphoria meets rising risk.

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00:00Michael Burry just made a $900 million bet against Palantir, and traders are reacting fast.

00:06Palantir's been one of 2025's biggest AI winners, soaring on government contracts and hype around his Foundry platform.

00:13But now, the man who called the 2008 crash is saying, quote,

00:17these aren't the charts you're looking for, end quote.

00:19He's warning that today's AI spending looks exactly like the 1999 to 2000 tech bubble.

00:25His post shows cloud growth from Amazon, Alphabet, and Microsoft, all hitting levels seen before the last crash.

00:32According to his latest 13F filing, Burry's Scion Asset Management bought 5 million put options on Palantir,

00:39worth $912 million, and 1 million puts on NVIDIA.

00:44Both bets that these AI giants could be overextended.

00:47At the time of filming this, Palantir was trading around $190.81 in pre-market, down nearly 8% after closing yesterday at just above $207.

00:58Meanwhile, analysts still see long-term upside, with an average 12-month price target of $215, and highs as strong as $255.

01:07Analysts' sentiment is split.

01:09Some remain bullish on Palantir's 48% year-over-year revenue growth, while others warn its sky-high valuation might be unsustainable.

01:17So the question is, is this the start of the AI correction Burry's been hinting at, or is he fading another winner too early?

01:24Either way, traders should watch AI CapEx and options flow closely, because when Burry bets nearly a billion dollars against a trend, Wall Street listens.

01:33Do you think Burry is right about the AI bubble?

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