Famous investor Michael Burry disclosed that he holds put options on Oracle

After the market closed on Friday, well-known investor Michael Burry posted on Substack that he holds put options on Oracle stock. Burry, who disclosed his bearish bets on AI chipmaker Nvidia and Palantir Technologies Inc. last November, stated that he has also directly shorted Oracle in the past six months. Oracle is known for its database software but has recently made significant investments in the cloud computing services sector, which requires substantial capital to build data centers, leading the company to incur massive debt. (Sina Finance)