‘Big Short’ Investor Michael Burry Expands Shorts on Nvidia, Palantir and Other AI Stocks
Summary
- Michael Burry said he has expanded short positions in AI-related stocks including Nvidia and Palantir.
- Burry said Palantir’s fair value is $46 to $50, that the current share price is overvalued, and that he also questioned the company’s business model.
- Burry is reported to hold large put-option positions expiring in 2027 on Nvidia (NVDA), SOXX, QQQ, and Oracle (ORCL), amounting to a roughly 9.5%% bearish bet in his portfolio.
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Investor Michael Burry, known as the real-life figure behind the film “The Big Short,” has expanded his short positions in artificial intelligence-related stocks including Nvidia and Palantir.
Crypto-focused media outlet BlockBeats reported on May 10 that Burry wrote in a recent blog post that he had increased his short exposure to AI-related shares including Nvidia and Palantir.
Burry put Palantir’s fair value at $46 to $50, arguing the stock is overvalued at current levels. He also raised questions about the company’s business model.
He also holds large put-option positions on Nvidia (NVDA), the iShares Semiconductor ETF (SOXX), the Invesco QQQ Trust (QQQ) and Oracle (ORCL), according to the report. Most of the options expire in 2027, and the bearish wagers amount to about 9.5% of his overall investment portfolio.
Burry has been building short positions in AI-related stocks since the third quarter of last year, the report said. Market participants have also noted that he has at times taken positions too early, including ahead of the 2008 financial crisis, leading to short-term losses.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
