Michael Burry Turns Bearish on Nvidia and Chinese Tech Stocks: What Traders Need to Know
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Michael Burry of Scion Asset Management has adopted a bearish stance on Nvidia and several Chinese tech stocks, as revealed in his latest SEC filing. He initiated put options on Nvidia and reevaluated long positions in companies like Alibaba and Baidu. This shift indicates a significant change in his investment strategy, with only a long position in Estée Lauder remaining. Traders are advised to reassess their positions in these sectors, as Burry's outlook may influence market sentiment and trading strategies amid tech market volatility.
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