Michael Burry, Short and Hedge Fund
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He bought Nvidia at $101, rode the AI wave to solid gains, and then dumped everything. In a post on the Stocks subreddit, a 25-year-old investor said he sold his entire portfolio—including top performers like Nvidia (NASDAQ:NVDA),
Bets by Michael Burry’s Scion, which managed $155 million in assets as of March, have long been dissected for hints of looming bubbles and signs of market froth.
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.
First, many experts have admitted that AI is a bubble, but as a consolation, we get the opinion that it is different from the dot-com bubble, or, in the case of a former Intel CEO Pat Gelsinger, that it will take years to burst.
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.
Michael Burry of "The Big Short" warned of an AI bubble and shed light on his wagers against Nvidia and Palantir with the help of a "Star Wars" meme.
3don MSNOpinion
Prediction: The $500 Billion Reason Nvidia Stock Will Show Bearish Billionaire Michael Burry Who Is Boss
Betting against the stock of a company like Nvidia -- with powerful financial performance and demand dynamics and a reasonable valuation -- is very risky.