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Michael Burry's $1.1B Bet Sparks Nvidia, Palantir Plunge

11/8/2025

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Summary

Story summary

Michael Burry's hedge fund placed a $1.1 billion short bet against Nvidia and Palantir by acquiring put options on 1 million Nvidia shares and 5 million Palantir shares.
Nvidia's shares fell 4% and Palantir's shares fell 8% after the bets.
Analysts say the moves reflect AI valuation jitters and heighten fears of a market correction.

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Story summary

Michael Burry's hedge fund placed a $1.1 billion short bet against Nvidia and Palantir by acquiring put options on 1 million Nvidia shares and 5 million Palantir shares.
Nvidia's shares fell 4% and Palantir's shares fell 8% after the bets.
Analysts say the moves reflect AI valuation jitters and heighten fears of a market correction.