November 4, 2025
Short King vs AI Kings
Michael Burry a.k.a. "Big Short",discloses $1.1B bet against Nvidia&Palantir
Big Short vs AI: Burry’s $1.1B swipe at Nvidia and Palantir has fans cheering, haters yelling bubble
TLDR: Michael Burry revealed put options against Nvidia and Palantir worth $1.1B on paper, rattling both stocks. The crowd is split between believers calling him a genius, skeptics citing past misses, and pragmatists noting options risk is just the premium—not the scary headline number
Michael Burry — the “Big Short” guy — just lobbed a $1.1B grenade at AI poster children Nvidia and Palantir via put options, filings show. His fund’s two wagers make up 80% of what he disclosed, and like clockwork, both stocks wobbled Tuesday (Palantir down about 7%, Nvidia about 2%). Cue the popcorn: the comments went feral.
One camp is shouting “Trust the doc!” with fans pointing to his 2023 S&P short they say paid off and insisting he “knows what he’s doing.” The other camp fires back that Burry’s post-2008 record is mixed and warns he’s not an infallible market wizard. The spiciest skirmish? Whether Palantir is the real bubble while Nvidia still has earnings muscle—one wag called Palantir “Becky with the good hair,” roasting its sky-high vibe.
Then came the fine print fight: is this bet truly huge? A resident options explainer dryly noted the headline $1.1B is the “notional” size; what Burry could actually lose is the option premium, likely far smaller. Curious onlookers piled in asking how to place these bets and what a put option even is. Burry poured gasoline on it last week by warning of market “bubbles” and saying “sometimes the only winning move is not to play,” even as his fund holds bullish calls on Pfizer and Halliburton. Short King vs AI Kings—pass the nachos
Key Points
- •Scion Asset Management’s 13-F filing shows put options on ~5 million Palantir shares ($912M) and ~1 million Nvidia shares ($187M).
- •The two put positions comprise about 80% of Scion’s disclosed U.S. equity holdings for Q3.
- •Nvidia is up 50% year-to-date and reached a $5 trillion market cap; Palantir is up 176%, with its ninth straight earnings beat and raised FY revenue guidance to nearly $4.4B.
- •Following the filing and valuation concerns, Palantir fell 6.86% and Nvidia fell 1.8% as of 10:03 a.m. ET Tuesday.
- •Scion also disclosed call options on Pfizer and Halliburton and holdings in Lululemon, Bruker, Molina Healthcare, and Sallie Mae; Burry recently warned of market “bubbles” on X.