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Michael Burry Bets $10M Against Nvidia, Palantir Amid Concerns

11/28/2025

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Summary

Story summary

Michael Burry, investor, reveals he holds bearish put options worth $10 million each on Nvidia and Palantir.
He calls Nvidia's memo disappointing and says it misrepresents his concerns about asset depreciation.
Burry argues AI firms extend depreciation to inflate earnings and risk future writedowns.
Nvidia stock has fallen 14% since November 3, and Palantir Technologies' CEO dismisses Burry's positions as "batshit crazy."

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Story summary

Michael Burry, investor, reveals he holds bearish put options worth $10 million each on Nvidia and Palantir.
He calls Nvidia's memo disappointing and says it misrepresents his concerns about asset depreciation.
Burry argues AI firms extend depreciation to inflate earnings and risk future writedowns.
Nvidia stock has fallen 14% since November 3, and Palantir Technologies' CEO dismisses Burry's positions as "batshit crazy."