Michael Burry's Bets on Nvidia and Palantir

Michael Burry's Scion Asset Management has begun trading on Nvidia Corp. and Palantir Technologies Inc. with expectations of a decline in the third quarter. The emergence of this information has drawn attention among investors.

The hedge fund manager, known for his successful prediction of the housing market in 2008, purchased put options on these two companies based on the belief that they would incur losses. Such transactions aim to generate profit in the event of a decline in stock prices.

The third quarter 13F filings revealed that Burry also bought call options for Halliburton Co. and Pfizer Inc.. This announcement has heightened investor curiosity.

Burry's mysterious post on the social media platform X recently made headlines. In his post, he shared an image of the character from the Oscar-winning film The Big Short, conveying the message 'sometimes we see bubbles.'

On Monday evening, Burry shared additional visuals along with a graphic from Bloomberg News that contained cyclical financing concerns related to Nvidia and other companies.

Previously, in the first quarter 2025 report, he had reported a put option position for Nvidia. However, that filing contained a statement suggesting that the disclosed put options could be used to hedge long positions that do not fall under the 13F reporting requirements. But this time, the Monday's third quarter report did not include a similar statement.