Michael Burry Takes On Nvidia And The AI Boom, Here's Why People Are Loving It

Benzinga

Michael Burry’s renewed warnings of an AI bubble gained traction after disclosures showed Scion Asset Management holding over $1 billion in notional put positions tied to Nvidia and Palantir. Nvidia’s post-earnings surge reversed quickly, while Palantir has been sliding since early November. Burry hasn’t confirmed whether he still holds the puts, but his crisis-era reputation has intensified debate around AI valuations.

Transcript

00:00It's Benzinga, bringing Wall Street to Main Street.

00:02Michael Burry's renewed warnings about an AI bubble and his hedge fund's bearish options

00:06on NVIDIA and Palantir drew attention last week, according to Business Insider.

00:10Cyan Asset Management reported holding a $1.1 million in notational value

00:14tied to NVIDIA and Palantir put positions at the end of September.

00:18NVIDIA shares surged after its earnings beat, but the stock fell 3% by Thursday's close

00:23and slipped again on Friday, pulling the broader market down.

00:26Palantir shares have fallen since early November.

00:28Burry has not confirmed whether he still owns NVIDIA puts or profited for the decline.

00:33His history of accurate crisis predictions is amplifying the reaction to his latest moves

00:38and fueled debate over AI stock valuations.

00:40For all things money, visit Benzinga.com.

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