The Big Short is back: He is betting against Nvidia and Palantir

The Big Short is back: Michael Burry, the man who bet against the 2008 housing bubble, is now betting against the AI boom 😳

Here’s what just dropped in his latest SEC filing:

↳ 66% of Scion’s portfolio = Palantir puts ↳ 13.5% = Nvidia puts

That’s roughly 80% of his fund betting against the biggest names in AI 🤯

It's not a hedge. It’s a conviction play.

And here’s where it gets wild:

He filed the report 11 days early - something he’s never done. When Burry moves early, he’s usually trying to send a message.

What’s he seeing? 🤔

→ Valuations gone mad: Palantir trades at 700x earnings, NVIDIA at 70×.

→ Slowing cloud growth: AWS, Azure, and Google Cloud are all decelerating even as they pour $100B+ into AI data centers.

→ Circular economy vibes: Nvidia sells GPUs to Microsoft & Oracle → they fund OpenAI → which rents compute back from them. (Feels a bit like 1999, doesn’t it?)

Burry’s bet is simple: fundamentals won’t catch up to the hype - not soon enough, anyway.

If he’s right: We’re staring at the first true AI correction, a dot-com-style cleanup that wipes 30–50% off inflated names before the real value builders emerge.

If he’s wrong: He’s once again too early, and the “AI is the new internet” narrative steamrolls on.

Either way, this marks a shift:

The man who saw 2008 coming is now calling time on the AI euphoria.

AI is here to stay, but its stock prices might not be.

Author

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