Nvidia news today: Big Short legend Michael Burry just bet millions against AI boom, goes short on Nvidia and Palantir
Michael Burry shorting Nvidia and Palantir: The ‘Big Short’ investor Michael Burry’s hedge fund, Scion Asset Management, has made a bold move against the ongoing artificial intelligence rally, placing massive bets that two of the market’s biggest AI winners, Nvidia and Palantir.
Michael Burry bets big against Nvidia and Palantir amid massive AI rally
According to the firm’s latest Q3 2025 13F filing, Burry loaded 66% of his portfolio into put options, which means contracts that profit when share prices fall, on Palantir (PLTR) and another 13.5% into Nvidia (NVDA), as per a report by WOLF Financial on social media platform X. That means Scion disclosed a 1 million-share equivalent put on Nvidia valued at about $186.6 million, and a 5 million-share equivalent put on Palantir worth about $912 million, as per a Market Insider report.
The positions mark an aggressive stance against the AI sector following Palantir’s 270% surge and Nvidia’s 54% year-to-date gain.
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Burry pivots from tech to Pfizer and Halliburton
At the same time, Burry took bullish call options, which means contracts to buy a specific stock at a specified price until a specified expiration date, positions in Pfizer (PFE) and Halliburton (HAL), allocating 11.1% and 4.5% of his portfolio to each, respectively, as per the WOLF Financial report.
The moves reflect a tilt toward healthcare and energy sectors that have traditionally performed well during periods of market uncertainty, as per the Quiver Quant report.ALSO READ: BTC crash alert: Why Bitcoin price dropped to $107,000 and why experts warn it could fall to $88,000
Scion Asset Management exits major tech holdings in Q3 2025
The fund also made significant exits, closing call options on UnitedHealth (UNH), Regeneron (REGN), Lululemon (LULU), and Meta (META), as per the WOLF Financial report. Portfolio turnover reached 95% in the quarter, signaling a near-total reshuffling of Scion’s holdings, as per the report.
What Burry’s Nvidia and Palantir short positions mean for AI investors
Known for his prescient call on the 2008 housing market collapse, Burry appears to be positioning for what he believes could be a correction in overheated AI stocks. With 100% of his top holdings now tied to directional options, most of them short tech, this may be his most forceful bet yet against the AI boom, as per the WOLF Financial report.
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FAQs
What did Burry’s hedge fund invest in this quarter?
Scion Asset Management placed major put option bets against Nvidia and Palantir while buying call options in Pfizer and Halliburton.
How big are Burry’s bets against AI stocks?
Scion’s portfolio shows a 66% allocation in Palantir puts worth about $912 million and 13.5% in Nvidia puts worth about $186.6 million.