Burry’s fund, Scion Asset Management, disclosed on Monday that it bought puts — bets that share prices will fall — on two stars of the AI wave: Nvidia and Palantir. Scion bought roughly US$187.6 million in puts on Nvidia and $912 million in puts on Palantir, according to Securities and Exchange Commission filings.
Just keep in mind that even if Burry is right - and he’s not always - he was three years early on the housing crisis. Personally, I fully agree that this is a bubble, but that doesn’t mean it’s going to break soon.
Markets can remain irrational longer than you can remain solvent.
That’s good point. Thank you for the temperance.