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Michael Burry Bets Big Against AI Stocks, Palantir Plummets

11/6/2025

47 7 Full Breakdown

Summary

Story summary

Michael Burry's Scion Asset Management bought put options worth $912 million on Palantir Technologies and $186 million on Nvidia, representing 80% of Scion's $1.1 billion portfolio.
The moves signal Scion's bearish stance on AI stocks and skepticism about the AI boom's sustainability.
Palantir's stock fell nearly 8% after Burry disclosed the positions.
Palantir Technologies' CEO Alex Karp criticized short sellers as misguided.

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Story summary

Michael Burry's Scion Asset Management bought put options worth $912 million on Palantir Technologies and $186 million on Nvidia, representing 80% of Scion's $1.1 billion portfolio.
The moves signal Scion's bearish stance on AI stocks and skepticism about the AI boom's sustainability.
Palantir's stock fell nearly 8% after Burry disclosed the positions.
Palantir Technologies' CEO Alex Karp criticized short sellers as misguided.