Michael Burry, Scion and The Big Short
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Michael Burry's short of the U.S housing market is depicted in the 2015 film, The Big Short, along with the 2010 novel written by Michael Lewis, The Big Short: Inside the Doomsday Machine. This is how Burry came to be known as Wall Street's "Big Short" investor.
Michael Burry exits markets after a $9.2M short bet targeting Palantir and the AI sector, citing inflated valuations.
Stocktwits on MSN
‘Big Short’ Investor Michael Burry Mocks Media Over His Palantir Short Bet, Says Their Math Was Off By Roughly 100x
Palantir stock currently trades at a 73% discount to the per-share value of Burry's bearish bet. ・Citron said in a mid-August short report that Palantir is worth only $40 apiece. ・Burry has called out a bubble in the AI space — an industry that drove much of the upside seen in the bull run since late 2022.
Michael Burry revealed that he was deregistering his Scion Asset Management after entering put positions on Nvidia and Palantir in the third quarter.
Hedge fund billionaire Michael Burry recently made a billion-dollar bet against Palantir and Nvidia, two of the most popular artificial intelligence (AI) stocks.
Nearly two decades after he became a Wall Street legend for predicting the 2008 housing crash, investor Michael Burry once again came out of the shadows with his bold bets against AI darlings Nvidia ( NVDA) and Palantir ( PLTR ).
Michael Burry's latest social media post revealed "Big Pain," likely resulting from his recent bearish positions in Palantir and Nvidia.
Shares of Palantir (NASDAQ:PLTR) have been scorching hot in recent years, and it’s continued to defy the laws of gravity. But after a spectacular quarterly earnings report, perhaps the laws of gravity are starting to come into effect.
TipRanks on MSN
Palantir (PLTR) CEO Attacks Short Seller Michael Burry After Stock Falls 13% in a Week
Palantir’s (PLTR) CEO Alex Karp is attacking Michael Burry and other people shorting his company’s stock after shares of the data analytics company fell 13% over the past week.