Investing Thread

[MU82]

Michael Burry's Scion Asset Management has taken bearish positions in AI darlings Nvidia (NVDA) and Palantir (PLTR), a regulatory filing showed, as the famed investor hinted caution toward the artificial intelligence trade that has boosted a lot of this year's market rally. Burry is best known for his prescient bet against the U.S. housing market ahead of the 2008 financial crisis.

https://seekingalpha.com/news/4514017-michael-burrys-big-short-instincts-target-ai-trade-with-puts-on-nvidia-palantir

[JWags85]

Michael Burry's Scion Asset Management has taken bearish positions in AI darlings Nvidia (NVDA) and Palantir (PLTR), a regulatory filing showed, as the famed investor hinted caution toward the artificial intelligence trade that has boosted a lot of this year's market rally. Burry is best known for his prescient bet against the U.S. housing market ahead of the 2008 financial crisis.

https://seekingalpha.com/news/4514017-michael-burrys-big-short-instincts-target-ai-trade-with-puts-on-nvidia-palantir

Will be interesting.  Post-2008, he's been good on non-US equities (crushed the China rebound) but pretty spotty on domestic names. And he's been bearish on semiconductors for like 2+ years now.  Suppose he's bound to right eventually