---
title: "\"The Big Short\" Barry has taken action: $1.1 billion short position targeting two major AI giants!"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/264162750.md"
description: "Investor Michael Burry has made large short bets against NVIDIA and Palantir Technologies through his Scion Asset Management, holding put options equivalent to 1 million shares of NVIDIA and 5 million shares of Palantir, valued at $186.6 million and $912 million, respectively. This move reflects Burry's warning about a market bubble, especially in the context of the AI frenzy. NVIDIA's stock price has risen 54% this year, while Palantir has increased by 174%"
datetime: "2025-11-04T08:25:04.000Z"
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  - [en](https://longbridge.com/en/news/264162750.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/264162750.md)
---

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# "The Big Short" Barry has taken action: $1.1 billion short position targeting two major AI giants!

"Big Short" investor Michael Burry has backed his warning about market bubbles with significant capital.

According to quarterly regulatory filings released on Monday for the period ending September 30, Burry's Scion Asset Management has made large bearish bets on Nvidia (NVDA) and Palantir Technologies (PLTR) through put options (contracts that profit when stock prices fall).

Scion disclosed that **it holds put options equivalent to 1 million shares of Nvidia, valued at approximately $186.6 million; and it also holds put options equivalent to 5 million shares of Palantir, valued at approximately $912 million.**

The document only reflects trading activity from the previous quarter, and Scion's current positions may differ from the disclosed content.

The backdrop for Burry's bet is the investor frenzy surrounding artificial intelligence (AI). As a giant in AI chips and the first company in the world to reach a market capitalization of $5 trillion, Nvidia's stock has risen 54% this year, continuing a three-year rally driven by surging demand for AI hardware. The stock rose 2.2% on Monday. Meanwhile, buoyed by the AI boom and increased defense spending, AI data analytics company Palantir's stock has soared 174% this year. The stock rose 3.4% on Monday but fell 4.3% in after-hours trading following its earnings report.

In the previous quarter, Scion did not hold any positions in these two companies, indicating a strategic shift in Burry's portfolio.

A few days before the filing of this position, **Burry broke a long silence of over two years on the social platform X, posting a warning message and subsequently sharing multiple charts to support his view that the tech sector is accumulating a bubble.**

In his post, he wrote, "Sometimes we can see the bubble. Sometimes we can act on it. But sometimes, the only winning strategy is not to participate."

As of Tuesday morning on the social platform Stocktwits, retail sentiment towards Nvidia has cooled from "extremely bullish" a day earlier to "bullish." Although the discussion volume about Nvidia on the platform has decreased within 24 hours, it remains at a "high" level. On the other hand, as of Tuesday morning, retail sentiment towards Palantir remains "extremely bullish," with discussion intensity rising to a "very high" level.

Burry gained fame for successfully predicting the collapse of the U.S. housing market in 2008 and profiting from it. His massive bet against the housing bubble was featured in the book and movie "The Big Short."

As Scion disclosed its positions, the debate over whether the "AI boom has pushed stock market valuations into bubble territory" is intensifying—currently, both the S&P 500 Index (SPX) and the Nasdaq 100 Index (NDX) have reached all-time highs.

Despite being bearish on Nvidia and Palantir, Burry has taken a bullish options strategy on oilfield services company Halliburton (HAL) and pharmaceutical giant Pfizer (PFE).

Scion also holds stocks in athletic apparel manufacturer Lululemon (LULU), scientific instrument maker Bruker (BRKR), health insurance company Molina Healthcare (MOH), and loan agency SLM Corporation (SLM) As of the end of September, Sain held a total of 8 investment positions, a decrease from 15 at the end of June. According to the latest regulatory documents, as of March, the company's managed assets amounted to approximately $155 million

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