'Big Short' Michael Burry De-Registers His Hedge Fund, Scion Asset Management
'Big Short' Michael Burry De-Registers His Hedge Fund, Scion …
5 months ago
YahooRishabh Mishra
The same dude from the Movie The big Short who nailed the 2008 housing crash — Michael Burry — just went $1.1 billion short on AI. This is the Michael Burry AI Short 2.0. He’s not crying “AI is dead,” he’s warning the valuations are insane. His fund, Scion Asset Management, disclosed massive put-options against NVIDIA (NVDA) and Palantir Technologies (PLTR): about $912 M in PLTR ~$187 M in NVDA. Sound familiar? Dot-com era all over again — or 2008 housing bubble style — just with “AI” replacing
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