Michael Burry expects a decrease in Nvidia and Palantir stocks.

Worrying Investment Move from Michael Burry

The investor Michael Burry, known for predicting the 2008 financial crisis, has announced that he has taken bearish positions on Nvidia and Palantir stocks through Scion Asset Management. Burry's decision has resonated significantly in the markets.

Bearish Outlook with Put Options

As a result of the 13F filings made on Monday, it has been noted that the put options purchased by Burry for Nvidia and Palantir aim to profit in the event of a decline in stock prices. Particularly, Palantir's shares fell by as much as 8.1% in pre-market trading following analysts' warnings about the rapid rise of the stock, while Nvidia decreased by approximately 2.6%.

Investor Concerns Are Growing

OpenAI, Nvidia, and other AI-focused companies' agreements are raising concerns about the sustainability of growth in the artificial intelligence sector. This situation is causing investors to adopt a more cautious approach in the stock market.

Scion Asset Management's Strategy

Burry's bearish bets on Nvidia are not new. Scion Asset Management has previously disclosed that it liquidated a significant portion of its publicly traded equity portfolio in the first quarter and purchased put options for Chinese tech giants listed in the US.